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Sector Analysis Banks 2006-2010

Sector Analysis Banks 2006-2010

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Sections

  • BANKS
  • DEVELOPMENT FINANCE INSTITUTIONS (DFIs)
  • LEASING COMPANIES
  • INVESTMENT BANKS
  • MUTUAL FUNDS (CLOSE ENDED)
  • MODARABA COMPANIES
  • EXCHANGE COMPANIES
  • INSURANCE COMPANIES
  • HOUSING FINANCE
  • VENTURE CAPITALS
  • APPENDIX
  • References

Financial Statement Analysis of Financial Sector 2010

i





FINANCIAL STATEMENTS ANALYSIS OF
FINANCIAL SECTOR
2006-2010









CY06 CY07
Share Capital (SC) 9.5 12 26.30%
Reserves (RS) 5.4 15 177.80%
Un Appropriated Profit (RE) 15.6 40.7 160.90%
Others (MISC) 0.8 0.4 -50.00%
Total Shareholders‟ Equity (SE) 31.3 68.1 117.60%
Billion Rs.
Growth




STATISTICS AND DWH DEPARTMENT
STATE BANK OF PAKISTAN
Financial Statement Analysis of Financial Sector 2010

ii


Vision and Mission Statements of State Bank of Pakistan









To Transform SBP into a modern and dynamic central bank, highly
professional and efficient, fully equipped to play a meaningful role, on
sustainable basis, in the economic and social development of Pakistan.
Vision
To promote monetary and financial stability and foster a sound and
dynamic financial system, so as to achieve sustained and equitable
economic growth and prosperity in Pakistan.
Mission
Financial Statement Analysis of Financial Sector 2010

iii




Team Leader


 Shamsul Arifeen Sr. Joint Director
shamsul.arifeen@sbp.org.pk

Team Members

 Shahid Latif Joint Director
shahid.latif@sbp.org.pk
 Asif Ali Assistant Director
Asif.ali4@sbp.org.pk
 Sadia Batool Assistant Director
Sadia.Batool@sbp.org.pk












Financial Statement Analysis of Financial Sector 2010

iv


CONTENTS

Preface .................................................................................................................................................................. v

Executive Summary………………….......................................................................................................................... vi

Introduction ......................................................................................................................................................... 1

1.1 Methodology ....................................................................................................................................... 2
1.2 Concepts and Definitions ......................................................................................................................3
1.3 Performance Indicators ...................................................................................................................... 14

Review and Financial Analysis

Banks ............................................................................................................................................................. 24
Development Finance Institutions (DFIs) .................................................................................................... 71
Leasing Companies ....................................................................................................................................... 82
Investment Banks ......................................................................................................................................... 96
Mutual Funds (Close Ended) ...................................................................................................................... 108
Modaraba Companies ................................................................................................................................ 130
Exchange Companies .................................................................................................................................. 158
Insurance Companies ................................................................................................................................. 181
Housing Finance .......................................................................................................................................... 230
Venture Capital ........................................................................................................................................... 234


Appendix ........................................................................................................................................................... 242
References ........................................................................................................................................................ 247







Financial Statement Analysis of Financial Sector 2010

v

Preface

The Financial sector being an important component of the country‟s economy having a share of about 5% in the
Gross Domestic Product essentially requires a sound, stable and robust financial system for economic well
being of the country and its populace.

Pakistan‟s financial sector represents a well-developed integration of institutions of a diversified nature
including Banks, DFIs, Leasing Companies, Investment Banks, Mutual Funds, Modaraba Companies,
Exchange Companies, Insurance Companies, Housing Finance and Venture Capital. Disclosure and
transparency in information on business activities of financial institutions are of immense importance to
all stakeholders.

An overview of business and financial conditions of financial institutions is presented in a structured
manner in form of financial statements. For large financial institutions, the financial statements are often
complex and are prepared under international accounting standards. These statements usually include an
extensive set of notes to the financial statements. The notes typically describe each item on the balance
sheet, income statement and cash flow statement in further detail.

The stakeholders and users, on the other hand, also require financial indicators that can provide
information on how well the company is performing and what may happen in future. In order to meet the
growing need of the users, the Statistics & Data Warehouse Department carries out analysis of the financial
statements of all financial institutions on annual basis. Every endeavour is made to select useful and accurate
data from financial statements and compute ratios that can provide valuable clues about the financial
health of the organization. The analysis is published in form of this publication namely, “Financial Statements
Analysis of Financial Sector”. The publication covers analysis of financial statements of financial institutions for
the period 2006-10.

It is hoped that the publication will provide a tool to researchers, policy makers and investors to understand the
performance of financial sector of Pakistan. Comments on analysis and suggestions for further improvements in
the publication are very welcome.


(Dr Azizullah Khattak)
Director
Statistics & DWH Department

Financial Statement Analysis of Financial Sector 2010

vi


Executive Summary


Financial statements analysis of 174 financial companies from 10 sectors namely Banks, DFIs, Leasing
companies, Investment Banks, Mutual Funds, Modarabas, Exchange companies, Insurance companies,
Housing Finance and Venture capital are included in this publication for the period 2006-10.

The balance sheet size shrank from Rs 6.5 trillion in calendar year (CY)09 to Rs 6.1 trillion in CY10,
showing a decrease of 5.3 percent over CY09. Profits before tax reduced by 5.2 percent in CY10 over the
previous year.

The Balance sheet size of DFIs decreased in 2010 as the total assets slightly reduced from previous year‟s
level. Shareholders‟ equity registered a growth of 8.6 percent over the previous year. The profit before tax
increased by 136.2 percent, whereas profit after increased by 36.5 percent during the year.

Performance of leasing sector in the country has not been encouraging during fiscal year (FY)10. Asset
base decreased by 34.5 percent to Rs 36.3 billion in FY10 from Rs 55.5 billion in FY09. The sector
showed losses before and after taxation of Rs.703.3 million & Rs.646.7 million respectively during FY10.


Analysis of the investment banks revealed that their balance sheet size contracted by 22.7 percent in
FY10 over FY09. The aggregate share capital increased by 3.6 percent. Losses before and after tax have
been Rs. 1.8 billion and Rs. 1.5 billion respectively. Gross revenue witnessed an increase of 9.5 percent
during FY10.

Performance of Mutual Funds (close ended) has been encouraging during FY10 as its balance sheet size
slightly expanded by 0.6 percent. Total assets increased from Rs 30.9 billion in FY09 to Rs 31.2 billion in
FY10. Net income was Rs. 4.2 billion in FY10 as compared to loss of Rs. 14.0 billion for FY09.


Modaraba Companies performed well during FY10. Total assets increased from Rs. 23.3 billion in FY09
to Rs 24.6 billion in FY10 showing an increase of 5.8 percent over FY09. Total equity witnessed an
increase of 4.1 percent in FY10 over FY09. Profit before and after tax, however significantly decreased
by 36.3 percent & 37.3 percent respectively in FY10.

Financial Statement Analysis of Financial Sector 2010

vii

The balance sheet size of Exchange Companies expanded during the period under review. Total assets
witnessed an increase of 13.0 percent to stand at around Rs 7.0 billion during CY10 as compared to Rs
6.2 billion in CY09. Decrease in profit before and after taxation of 10.5 percent and10.4 percent
respectively was recorded in CY10 over CY09.


CY10 turned out to be positive for insurance sector in Pakistan. The aggregate insurance business (both
life and non-life insurance including Takaful) grew sharply during CY10. Its balance sheet size expanded
by 14.3 percent and reached Rs 440.3 billion in CY10. Profit before and after taxation declined
considerably during CY10.

In housing finance sector, there have been two companies available, i.e., Asian Housing Finance Limited
and House Building Finance Corporation (HBFC). Total assets witnessed an increase of 3.3 percent to
stand at Rs 19.2 billion in FY10 as compared to Rs. 18.6 billion in FY09. House Building Finance
Corporation (HBFC) showed a profit before taxation of Rs140 million.

Venture Capital reflected contraction in balance sheet size during the period under review. Total equity
also contracted by around 257 percent during FY10. Total assets base stood at 6.2 billion in FY10.
Venture Capital showed losses before and after taxation at Rs 1.3 billion & Rs 1.1 billion respectively in
FY10.



Financial Statement Analysis of Financial Sector 2010

1

Introduction

Statistics and Data Warehouse Department strives hard to disseminate quality statistics. It not only
produces primary data but also provides secondary data with analysis to the various stakeholders
including researchers and policy makers. As the performance of financial sector reflects the financial
health of an economy, standard analytical tools are used to gauge the performance of this vital sector.

The analysis
1
includes the following sectors
2
:

 Banks  Exchange Companies
 DFIs  Mutual Funds (close ended)
 Investment Banks  Housing Finance
 Leasing Companies  Venture Capital
 Modaraba Companies
 Insurance Companies



Consolidation is provided at the beginning of each sector‟s analysis. For banks, consolidation is at
different levels. At first level, overall consolidation of all banks including foreign banks is given. The
information and ratios relating to number of ordinary shares, dividend earning per share and breakup
value per share are not taken into consideration because foreign banks do not have such type of
information. The level of consolidation for banks is as follows:
 All Banks (overall)
 Foreign Banks
 Local Banks
 Public Sector Banks
 Private Sector Banks
 Specialized Banks
Similarly, the analysis of individual insurance companies is also consolidated to reflect the financial
health of Insurance Sector. The level of consolidation is as follows:
 Insurance Companies (overall)


1
Since each sector has peculiar business activities, therefore, for analysis separate set of variables was taken into consideration. Similarly an
associated set of financial ratios has also been selected for each sector.
2
Sector-wise list of analyzed financial institutions is provided in “appendix" at the end of the text.


Financial Statement Analysis of Financial Sector 2010

2

 Life Insurance
 Non-Life Insurance
 Takaful
The symbol „–„appearing in the analytical tables stands for Not applicable or Not available
1.1 Methodology
Methodology is based on Ratio Analysis because it is a powerful tool to analyze financial statements
of any company. Ratio analysis measures inter relationship between different items of the financial
statements. Ratios are taken as guides for these are useful in evaluating a company‟s financial position
and operation and making comparison with results in previous years or with others in the same
industry. The primary purpose of ratio analysis is to point out areas requiring further investigation.
Ratios are calculated from the following financial statements and relevant notes to accounts.

 Balance Sheet
 Profit and Loss account
 Statement of changes in Equity
 Cash Flow Statement
Total shareholders‟ equity is computed as the sum of ordinary share capital plus reserve & surplus plus
un-appropriated profit/(loss) while the revaluation, intangible assets etc. are aggregated in „others‟ of
shareholders equity section. For foreign banks, the ordinary share capital is replaced by head office
account. Since the financial sector comprises variety of financial institutions having peculiar business
activities, therefore, variables used for analysis would be different for each sector.

Financial Statement Analysis of Financial Sector 2010

3

1.2 Concepts and Definitions

Banks and Development Finance Institutions (DFIs)

Following variables are used for analysis of banks & DFIs.

Shareholders’ Equity

The sum of following items except “others” is considered for analysis:
 Ordinary Share Capital or
Head Office Account (in case of foreign bank)
 Reserves
 Un-appropriated Profit/(loss)
 Others

Liabilities

Bills Payables, Borrowings and Deposits being the major items contributing towards liabilities of
banks and DFIs are taken for analysis, the remaining heads of liabilities are pooled under „others‟:
 Bills Payables
 Borrowing from Financial Institutions
 Deposits and Other Accounts
 Others

Assets

The following items are included in the analysis. The relevant information is taken from balance sheet
as well as respective notes to accounts.

 Cash and Balances with Treasury Banks  Advances –Non-Performing/Classified
 Balances with Other Banks  Provision against Advances
 Lending to financial Institutions  Advances Net of Provision
 Investment  Fixed Assets
 Gross Advances  Others

Profit and Loss Account

The following items are included for analysis. The relevant figures are obtained from profit and loss
accounts and notes to financial statements.

 Interest Earned  Non-Interest Income
Financial Statement Analysis of Financial Sector 2010

4

 Interest Expensed  Non-Interest expense
 Net Interest Income  Administrative Expenses
 Provision and write offs  Profit/(loss) before Tax
 Net Interest Income after Provision  Profit/(loss) after Tax

Other Items
 No. of Ordinary Shares
Outstanding shares at end of the period as shown in balance sheet.
 Cash Dividend
The amount of cash dividend is taken as the percentage declared during the period.
 Stock Dividend/Bonus Shares
The number of bonus shares declared is also taken as percentage amount distributed during the
period.
 Cash Generated from Operating Activities
The amount is taken from cash flow statement
 Commitment and Contingencies
This is an off balance sheet item. The detail is given in notes to accounts and the sum of all
kinds of commitments and contingencies is taken for analysis.

Leasing Companies

Following variables are involved in the analysis of Leasing Companies.

Shareholders’ Equity

Shareholders‟ equity includes Share Capital, Reserves and un-appropriated profit/ (loss). Any other
item(s) mentioned in the balance sheet under shareholders‟ equity is pooled under the head „others‟.
Liabilities

Borrowings from financial institutions and deposits with financial institutions are the major items
contributing towards liabilities of leasing companies. For analysis, these two items are taken
separately while the remaining items of liabilities are pooled under „others‟

Assets

Assets are classified into current and non-current. Major items of non-current assets are mentioned
below where remaining items of non-current assets are pooled under “others”




Financial Statement Analysis of Financial Sector 2010

5

Non-Current Assets

 Term Deposit Certificates
 Net finance-Investment
 Advances – Net
 Fixed Assets
 Others
Current Assets

Three main items are taken for analysis while the rest are pooled under „others‟
 Cash and Balances with Central Bank
 Balances with Other Banks
 Placement with Other Banks
 Others

Profit and Loss Account

The amounts reported under the following heads are extracted from profit and loss accounts along
with relevant notes to accounts.

 Income from Operating Lease  Administrative Expenses
 Income from Investment  Profit/(Loss) before Tax
 Income from Finances  Profit/(Loss) after Tax
 Other Income

Other Items

 No. of Ordinary Shares
The number of shares outstanding as on balance sheet date
 Cash Dividend
The amount of cash dividend is taken as percentage of the dividend declared during the
period.
 Stock Dividend
The number of bonus shares declared is also taken as percentage amount during the period.
 Cash Generated from Operating Activities
The amount is taken from the cash flow statement.


Financial Statement Analysis of Financial Sector 2010

6




Investment Banks

Following variables are used in the analysis of Investment Banks.

Shareholders’ Equity

The composition and explanation of Shareholders‟ Equity is same as explained earlier.

Liabilities

The amount of current and non-current liabilities is taken from the balance sheet and the sum of these
two is the same as total liabilities of the company.

Assets

Current assets are classified into „cash and bank balances‟ and „others‟ while non-current assets are
divided into three heads i.e., long term investment, fixed assets, and others.

 Current Assets  Non-Current Assets
 Cash and Banks Balances  Long Term Investment
 Others  Fixed Assets
 Others

Profit and Loss Account

The following items are taken for analysis. The relevant figures are taken from profit and loss account
and notes to financial statements.
 Gross Revenues
 Administrative and Operating Expenses
 Operating Profit
 Profit(Loss) before Tax
 Profit(Loss) after Tax

Other Items

These include:
 No. of Ordinary Shares
 Cash Dividend
 Stock Dividend
Financial Statement Analysis of Financial Sector 2010

7

 Cash Generated from Operating Activities


Mutual Funds (Close Ended)

The analysis includes the following variables.
Shareholders’ Equity

The composition and explanation of Shareholders‟ Equity is same as explained earlier.

Liabilities

As the financial activities of mutual funds are limited, the composition of liabilities is divided into two
heads as follows:-

 Payable to Investment Adviser
 Others

Assets

The asset base of mutual fund is also not broad, therefore, for analysis it is limited to three items.
These are available in the company‟s balance sheet and notes to financial statements.

 Cash and Banks Balances
 Investment
 Others

Profit and Loss Account

The following items are taken into consideration for analysis. The relevant figures are obtained from
profit and loss account and notes to financial statements.

 Interest Income  Other Income
 Dividend Income  Remuneration to management Co.
 Net Gain on Sale of Investment  Remuneration to Trustees/Custodian
 Net unrealized Gain  Brokerage, Commission /Fee
 Income from future transactions  Administrative and General Expenses
 Capital gain  Other Expenses


Financial Statement Analysis of Financial Sector 2010

8

Other Items

The information on the following is extracted from the balance sheet and relevant notes to financial
statements:
 No. of Ordinary Shares
 Cash Dividend
 Stock Dividend
 Cash Generated from Operating Activities

Modaraba Companies

Following variables are included in the analysis of Modaraba Companies.

Certificate holders Equity

Modaraba Company issues certificates instead of shares. Therefore the amount subscribed through
issuing certificates is termed as certificate capital. For analysis, certificate holders‟ equity is the sum of
„certificate capital‟, „reserves‟, and un-appropriated profit/ (loss). Any other items under the section of
Certificate holders equity is pooled under the head of „others‟.
 Certificates Capital
 Reserves
 Un-appropriated Profit(Loss)
 Others

Liabilities

These include current and non-current liabilities taken from the balance sheet.


Assets

The current and non-current assets and their break up are taken from balance sheet. In case of current
assets the amount of cash and bank balances is taken separately while the remaining current assets are
pooled under “others”. Similarly, long term investment and fixed assets are taken individually while
the remaining non-current assets are pooled under “others”.

Financial Statement Analysis of Financial Sector 2010

9

 Current Assets  Non-Current Assets
 Cash and Banks Balances  Long Term Investment
 Others  Fixed Assets
 Others

Profit and Loss Account


The following items are taken for analysis. The relevant figures are taken from profit and loss account
and notes to financial statements.
 Gross Revenues  Modaraba Company Management Fee
 Operating Expenses  Profit/(Loss) before Tax
 Operating Profit  Profit/(Loss) after Tax

Other Items

These include:
 No. of Certificates outstanding as mentioned in balance sheet.
 Cash Dividend
 Stock Dividend
 Cash Generated from Operating Activities

Exchange Companies

Following variables are included for analysis of Exchange Companies.
Shareholders’ Equity
 Share Capital
 Reserves
 Accumulated Profit/(Loss)
 Others

Liabilities

These include:-
 Current Liabilities
 Non-current Liabilities


Financial Statement Analysis of Financial Sector 2010

10

Assets

These include:-

 Current Assets  Non-Current Assets
 Cash and Banks Balances  Long Term Investment
 Others  Fixed Assets
 Others

Profit and Loss Account

The following items are taken from profit and loss account of the company.
 Revenues
 Admin and General Expenses
 Profit(loss) before Tax
 Profit (loss) after Tax

Other Items

The following items are extracted mainly from notes to accounts of the company.
 No. of Ordinary Shares
 Cash Dividend
 Stock Dividend
 Cash Generated from Operating Activities

Housing Finance

Following variables are involved in the analysis of Housing Finance Company.

Shareholders’ Equity

The total shareholders‟ equity is taken as sum of share capital, reserves, and un-appropriated
profit/(loss) while other items in the Shareholders‟ equity section of balance sheet are pooled under
“others”.
 Share Capital
 Reserves
 Un-appropriated profit/(loss)
 Others

Financial Statement Analysis of Financial Sector 2010

11




Liabilities

These include current and non-current liabilities, the amounts of lease finance and long-term finance
are extracted from “non-current liabilities” section while the remaining items of non-current liabilities
are pooled under “others”.
 Current liabilities
 Noncurrent liabilities
 Lease finance
 Long term finance
 Others
Assets

The following items of current and non-current assets are taken for analysis.
 Current Assets  Non-Current Assets
 Cash and Banks Balances  Investment in Housing Finance
 Others  Fixed Assets
 Others

Profit and Loss account

The items included in the analysis are:
 Revenue
 Admin. and Operating Expenses
 Other Expenses
 Profit before Tax
 Profit after Tax

Other Items

These include:-
 No. of Ordinary Shares
 Cash Dividend
 Stock Dividend
 Cash Generated from Operating Activities
Financial Statement Analysis of Financial Sector 2010

12




Venture Capital

Following variables are included in the analysis of venture capital.

Shareholders’ Equity

The shareholders‟ equity is the sum of share capital, reserve and un-appropriated profit (loss), while
the remaining items are pooled under „others‟.
 Share Capital
 Reserves
 Un Appropriated Profit/(Loss)
 Others

Liabilities

These include current and non-current liabilities.
 Current Liabilities
 Non-Current Liabilities

Assets

The current and non-current assets include.

CURRENT ASSETS NON-CURRENT ASSETS
 Cash and Bank balances  Investment
 Investment  Venture Investment
 Others  Fixed Assets
 Others

Profit and Loss Account

The following items are included in the analysis.
 Income
 Admin. and Operating Expense
 Operating Profit
 Profit/(Loss) Before Taxation
 Profit/(Loss) After Taxation

Financial Statement Analysis of Financial Sector 2010

13




Other Items
These include:-.
 No. of Ordinary Shares
 Cash Dividend
 Stock Dividend
 Cash Generated from Operating Activities
Insurance Companies

Following variables are involved in the analysis of Insurance Companies.

Shareholders’ Equity

These include:-

 Share Capital
 Reserves
 Un-appropriated Profit(Loss)
 Others


Liabilities

These include:-

 Balance in the Statutory Fund
 Outstanding Claims, Premiums Received in
Advance, Amount Due to Other
Insurers
 Other Liabilities

Assets

These include:-


 Cash and balances with Banks  Advances
Financial Statement Analysis of Financial Sector 2010

14

 Deposit with Banks  Loan to Employees
 Investment in Govt. and Others Securities  Other Assets
 Investment in securities and Properties

Profit and Loss Account

These include:-

 Interest/Investment Income  Net Claims
 Net Premium  Underwriting Profit
 Gross premium  Profit before Tax
 Gross Claims  Profit after Tax

Other Items

These include:-

 No. of Ordinary Shares
 Cash Dividend
 Stock Dividend
 Cash Generated from Operating Activities

1.3 Performance Indicators

Pakistan‟s financial sector is an integration of institutions of diversified nature including Banks DFIs,
Leasing companies, Modaraba Companies, Insurance Companies, Investment Banks, etc. Therefore,
ratios used to analyze these sectors may be different in some cases as different sectors have peculiar
business activities but some ratios are common to all sectors. Some important ratios and their
explanations are given below which may be read in combination with the analysis sheet of each sector
separately.

Efficiency/Profitability Ratio

Spread Ratio

=



Financial Statement Analysis of Financial Sector 2010

15

Spread is the gap between interest rate a bank charges on loans and rate pays on deposits. The amount
of total interest earned divided by the total interest paid to depositors as mentioned in the income
statement. This ratio is useful for Banks and DFIs.

Net Interest Margin Ratio

=


*100

This ratio indicates the earning capacity through core banking business by utilizing all assets. Banks
normally borrow from savers and lend to investors. It is the ratio between the difference of interest
income and interest expense to total assets. It is also useful for Banks and DFIs.

Return on Assets (ROA)





This ratio expresses the capacity of earning profit by a bank on its total assets employed in the
business. It is calculated as percentage of net profit after tax to total assets. It is useful for whole
financial sector.

Return on Equity (ROE)




*100

Total Shareholders‟ Equity (Pakistani Banks) = Share Capital + Reserves + Un-appropriated Profit
(Loss)
Total Shareholders‟ Equity (Foreign Banks) =H.O Capital Account + Reserves +Unremitted Profit
This ratio expresses the return on shareholders‟ equity. ROE is a direct measure of returns to the
shareholders. It is calculated as a percentage of the net profit after tax to total Shareholders‟ equity. It
is also useful for whole financial sector.

Non-Interest Income to Total Assets Ratio






Ratio on incomes earned other than mark-up e.g. capital gains, commission, fee to total assets etc. This
ratio expresses how much income is earned other than mark-up through other functions of the bank by
employing total assets. It is useful for Banks and DFIs.



Financial Statement Analysis of Financial Sector 2010

16

Interest Ratio






This ratio expresses the payment of interest mainly to depositors. The lower the ratio, the less the
company is burdened by debt expenses. It is useful for Banks and DFIs.

Administrative Expenses to Profit before Tax






This ratio expresses the relationship between administrative expenses and profit before tax. Its purpose
is to evaluate the overhead structure of a financial institution and calculate the administrative expenses
as a percentage of profit before tax. It is useful for whole financial sector.

Net Interest Income after Provision to Total Assets






This is the ratio between interests earned less provision to total assets. It is useful for Banks and DFIs.



Non-Interest Expenses to Total Income






The ratio expresses the percentage of non-interest expenses to total income which reflects efficiency of
management in applying the banks‟ resources. It is useful for Banks and DFIs.

Administrative Expenses to Non-Interest Income






This ratio expresses total administrative expenses to non-interest income. It gives percentage of
administrative expenses incurred in earning non-interest income. It is useful for Banks and DFIs.

Earnings per Share (EPS)






Financial Statement Analysis of Financial Sector 2010

17

EPS is the ratio between net profit after tax to number of shares outstanding at the end of the year as
shown in balance sheet and its relevant notes to accounts. It is useful for whole financial sector except
for Modaraba Companies where certificates are issued for raising capital.

Return on Capital Employed (ROCE)






ROCE is a ratio that indicates the efficiency and profitability of a company‟s capital investments. The
amount of capital employed is calculated by subtracting current liabilities from total assets. It is useful
for whole financial sector except for banks, DFIs, Insurance, mutual fund.

Return on Revenue (ROR)


This is a measure of a company‟s profitability, calculated as net income divided by revenue. This ratio
is useful for Leasing Company, Mutual Fund, etc.
Lease Ratio






The core function of a leasing company is to earn profit from operating and financial lease. This ratio
expresses how much portion of total income is being generated through its core business. It is useful
for leasing company.

Operating Expense Ratio




*100

It is a measure of operating efficiency i.e., how well the management controls its expenses. Operating
expense ratio can be used to gauge the general health of the core or other businesses. It is useful for
Modaraba and Investment Banks.

Gain Ratio






A total gain comprises gain on sales of securities, gain on re-measurement, gain on disposal of long-
term investment, etc. It is useful for Mutual Fund.


Financial Statement Analysis of Financial Sector 2010

18

Trading Income Ratio






The core business of mutual fund is to gain from trading of shares and securities and the higher ratio
reflects that funds are being efficiently managed. Both figures are taken from the income statement. It
is useful for Mutual Fund.

Modaraba Management Fees to Operating Profit




*100

This shows cost of management as a percentage of operating profit. The percentage of total fund used
to cover expenses associated to Modaraba management fees. It is useful for Modaraba Companies.

Management Expenses Ratio






For mutual funds management expenses ratio is calculated by dividing remuneration to adviser by
total expenses.

Net Investment in Finance Lease to Total Assets






This ratio expresses the relationship of net investment in finance lease to total assets. This ratio is
useful for leasing companies.


Earning per Certificate






The ratio between profits after tax to number of certificates is an important efficiency ratio because it
reflects how much amount is earned on each certificate. It is useful for Modaraba Companies.

Claims incurred to Net Premium Ratio




*100

Financial Statement Analysis of Financial Sector 2010

19

This expresses the efficiency of insurance company and is calculated as the claim incurred on net
premium. Higher ratio indicates that the incurrence of claims is more than premium. It is useful for
insurance companies.

Underwriting profit to Net profit






The ratio shows the percentage of underwriting profit as of net profit. Underwriting profit is net of
underwriting income and expenses of the cost of obtaining new policies. This ratio is useful for
insurance companies.

Investment Income to Net Premium






The ratio shows the relationship between investment income and net premium. This is one of the ratios
used to measure efficiency of an insurance company.

Liquidity Ratios

Cash and Balances with Banks to Total Assets






This ratio expresses the percentage of total assets available in the form of highly liquid assets.

Total Deposit and other Accounts to Total assets






The ratio shows what percentage of total assets comprises total deposits and other accounts.

Investment and Total Assets






The ratio between Investment and total assets shows investment activity with reference to its total
assets. It indicates the portion of total assets used for investment in various venues. This ratio is useful
for banks, DFIs and insurance companies.


Financial Statement Analysis of Financial Sector 2010

20

Advances and Total Assets






This ratio expresses the relationship of advances (net) to total assets. This ratio is useful for banks and
DFIs.

Total Liabilities to Total Assets






The ratio shows the proportion of banks assets, which are financed through debt. This ratio is useful
for banks and DFIs.

Gross Advances to Deposits




*100

The ratio expresses the percentage of gross advances to deposits and expresses the utilization of
deposits in the core business of a bank, i.e., intermediation. This ratio is useful for banks and DFIs.

Gross advances to Borrowing and Deposits






The ratio expresses the percentage of gross advances to deposits and borrowings. This ratio shows
activity of a banking business as it reflects that advances are being made more/less than deposits. This
ratio is useful for banks and DFIs.

Current Ratio






This ratio shows how many times current assets cover current liabilities and the strength of the
company to pay immediate liabilities. This ratio is used for whole financial sector except for banks
and DFIs.
Long Term Investment to Total Assets






The ratio between long-term investments to total assets shows investment activity with reference to its
total assets. It indicates the portion of total assets used to invest in different venues.
Financial Statement Analysis of Financial Sector 2010

21


Assets Quality Ratios

Non-Performing Loans (NPLs) to Gross Advances






This ratio expresses the quality of loan portfolio of a bank. It shows the percentage of NPLs as gross
advances made by a bank and evaluates assets quality based on loan portfolio. This ratio is useful for
banks and DFIs.

Provision against NPLs and Gross Advances






The ratio between provisions against classified loans/advances to gross advances reflects the quality of
advances of banks and DFIs.

NPLs to Equity Ratio




Where,
Total Shareholders‟ Equity (Pakistani Banks) = Share Capital + Reserves + Un-appropriated Profit (Loss)
Total Shareholders‟ Equity (Foreign Banks) =H.O Capital Account + Reserves +Unremitted Profit

The ratio between NPLs to shareholders‟ equity indicates the exposure of the common shareholders to
NPLs. This ratio is useful for banks and DFIs.

NPLs write-off to NPLs Provision Ratio






This ratio is calculated for banks and DFIs.

NPLs Provision to NPLs Ratio


The ratio reflects what percentage of provision has been made against NPLs. This ratio is useful for
Banks and DFIs.


Financial Statement Analysis of Financial Sector 2010

22

Capital/Leverage Ratios

Capital Ratio






Where,
Total Shareholders‟ Equity (Pakistani Banks) = Share Capital + Reserves + Un-appropriated Profit
(Loss)
Total Shareholders‟ Equity (Foreign Banks) =H.O Capital Account + Reserves +Unremitted Profit.
The ratio between shareholders‟ equity and total assets expresses the percentage of equity in total
assets.

Contingent Liabilities and Commitment to Shareholders’ Equity




*100

The ratio between contingent liabilities and commitments to shareholders‟ equity expresses exposure
of contingent liabilities and commitments by banks.

Break-Up Value per Share






Break-up Value is net worth per share and is an important criterion to measure financial soundness of
a company. The break-up value is calculated for whole financial sector except in case of foreign banks
and Modaraba Companies.
Deposits to Equity Ratio






The ratio shows the relationship between total deposits in a bank to the total shareholders‟ equity.

Break-up Value per Certificate






Break-up value is net worth per certificate and is one of the important criteria to measure the financial
soundness of a company. This ratio is calculated for Modaraba Companies only.

Capital Ratio (Modaraba Company)





Financial Statement Analysis of Financial Sector 2010

23


The ratio expresses the percentage of equity in total assets. It is calculated for Modaraba Companies
only.
Cash Flow Ratios

Cash Flow to Profit after Tax

=




The ratio expresses proportions of cash being spun off from ongoing operations. This ratio is useful
for the whole financial sector.

Cash flow to Current Liabilities Ratio





The ratio reflects cash generation strength of a company to meet current liabilities. This ratio is
calculated for all sectors except investment banks, insurance companies, banks, DFIs and mutual
funds.










Financial Statement Analysis of Financial Sector 2010
















Review and Financial Analysis

Financial Statement Analysis of Financial Sector 2010

24

BANKS

Performance at a Glance
The balance sheet size shrank from Rs 6.5 trillion in CY09 to Rs 6.1 trillion in CY10, showing a
decrease of 5.3 percent over CY09. Profits before tax reduced by 5.2 percent in CY10 over the previous
year.

Analysis of Balance Sheets
The equity of banking sector witnessed
a decrease of Rs. 81.2 billion or 14.1
percent in CY10 over CY09. Total
assets and total liabilities registered
decreases of 5.3 percent and 4.1 percent
respectively in CY10 over CY09. The
growth in total equity of foreign banks
has been outstanding during the CY10
and witnessed an increase of 51.7
percent over previous year, however the growth in total equity of local banks witnessed a decrease of
18.4 percent in CY10 over CY09.

Analysis of Liabilities

Total deposits dropped to Rs 4.7 trillion
on CY10 as compared to Rs 4.8 trillion in
CY09 showing a marginal decrease of
2.0 percent. The deposits have a share of
around 83.7 percent in total liabilities in
CY10, while the remaining components
of liabilities i.e., bills payables,
borrowings, etc, have 16.3 percent share
of total liabilities.





0%
20%
40%
60%
80%
100%
CY 09 CY 10
81.9% 83.7%
Share of Deposits in Tatal Liabilies
Others
Deposits
Borrowings &
Bills payble
Total SHE
Total
Liabilities
Total Assets
CY 09 577 5,819 6,474
CY 10 496 5,580 6,134
Growth -14% -4% -5%
-14%
-4%
-5%
-16%
-14%
-12%
-10%
-8%
-6%
-4%
-2%
0%
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
B
i
l
l
i
o
n

R
s
.
Components of Balance Sheets
Financial Statement Analysis of Financial Sector 2010

25


Analysis of Assets

Total assets of the banking sector decreased from Rs 6,474.4 billion in CY09 to Rs 6,134.1 billion in
CY10 registering a decline of 5.3
percent. Investment grew by 10.7
percent while gross advances declined
by 8.4 percent in CY10. Lending to
financial institutions decreased by Rs
60.1 billion or 25.2 percent in CY10
over CY09. In case of Pakistani banks,
the amount of lending was decreased by
33.5 percent in CY10, however in case
of foreign banks, it increased by 28.0
percent in CY10.

Banks advances decreased to Rs 3.2 trillion in CY10 showing a decrease of 8.4 percent over CY09.
On the other hand, NPLs increased to Rs 445 billion in CY10 compared to Rs 305.0 billion in CY09.
NPLs to advances ratio increased to 13.7 percent in CY10 as compared to 8.6 percent in CY09. NPL
to share holder‟s equity remained at 89.7 percent in CY10 while it was 52.8 percent in CY09. Further,
NPL provision to NPL is decreased to 70.4 percent in CY10 from 98.6 percent in CY09.






Adv. Gross NPL Provision Adv. Net
CY 09 3,536 305 301 3,235
CY 10 3,240 445 313 2,926
Growth(%) -8% 46% 4% -10%
-8%
46%
4%
-10%
-20%
-10%
0%
10%
20%
30%
40%
50%
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
B
i
l
l
i
o
n

R
s
.
Analysis of Advances
Cash &
Cash
Equl.
Lending
Investm
ent
Advanc
es
CY 09 720 238 1,701 3,536
CY 10 635 178 1,883 3,240
Growth(%) -12% -25% 11% -8%
-12%
-25%
11%
-8%
-30%
-25%
-20%
-15%
-10%
-5%
0%
5%
10%
15%
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
B
i
l
l
i
o
n

R
s
.
Major Components of Assets
5%
33%
62%
8%
52%
40%
NPL Analysis
NPL to Adv.
NPL to SHE
NPL Prov. To NPL
Financial Statement Analysis of Financial Sector 2010

26


Profitability and Operating Efficiency

[
In terms of profitability of banking sector,
CY10 witnessed a decline of around 5.2
percent in profit before tax to Rs 50.9 billion
during CY10 as compared to Rs 53.7 billion in
CY09. Profit after tax decreased from Rs 47.9
billion in CY09 to Rs 29.4 billion in CY10,
showing a decrease of 38.7 percent. Looking
at the efficiency, the return on assets (ROA)
and return on equity (ROE) both declined
during CY10. ROE declined from 8.3 percent
in CY09 to 5.9 percent in CY10 while ROA
declined from 0.74 percent in CY09 to 0.48
percent in CY10. During CY10, profit before
& after taxation of Pakistani banks are
decreased by 9.4 percent and 41.8 percent
respectively over CY09. Spread ratio of
banking sector declined to 43.7 percent in
CY10 from 45.2 percent in CY09.
On the income side, Interest/mark-up income
during CY10 was Rs 542.2 billion as
compared to Rs 591.3 billion in CY09
witnessing an decrease of Rs 49.2 billion or
8.3 percent over CY09. Non-interest/non-
markup income also declined from Rs 104
billion during CY09 to Rs 88.2 billion during
CY10, depicting a decrease of 15.2 percent
over CY09. Interest income to total income
increased from 85 percent to 86 percent
over CY09. Non-interest income decreased to 14 percent in CY10 from 15 in CY09.
CY 09
CY 10
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
Spread Ratio ROE ROA
45.1%
8.3%
0.7%
43.7%
5.9%
0.5% G
r
o
w
t
h
CY 09 CY 10
0.0
20.0
40.0
60.0
80.0
100.0
120.0
Profit Before Taxation Profit After Taxation
53.7
48.0
50.9
29.4
B
i
l
l
i
o
n

R
s
.
CY 10 CY 09
0.0%
20.0%
40.0%
60.0%
80.0%
100.0%
CY 09 CY 10
85.0%
86.0%
15.0%
14.0%
B
i
l
l
i
o
n

R
s
.
Interest Income Non-Interest Income
27
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital/head office capital account
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5 - C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expenses
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.Cash generated from operating activities
2.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after provisions) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expesne to profit before tax. (D8/D9)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income(D8/D6)(times)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposits C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loans to gross advances (C6/C5)
2.Provision against NPLs to gross advances (C7/C5)
3.NPLs to total equity (C6/A)
4.NPLs write off to NPLs provision (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E2/A) (times)
3.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E1/D10) (times)
331,386,671 435,990,804 505,469,823 577,489,516 496,319,926
163,408,629 231,530,188 277,045,918 322,555,374 355,672,961
104,080,958 118,940,698 148,257,246 160,847,946 168,791,010
63,897,084 85,519,918 80,166,659 94,086,196 (28,144,045)
64,463,850 108,613,011 62,957,129 77,834,856 57,359,198
3,817,847,790 4,626,769,389 5,074,659,145 5,819,081,404 5,580,430,922
58,773,919 82,075,093 69,530,488 71,535,546 67,353,624
418,336,738 452,050,150 460,028,229 654,221,038 571,381,154
3,141,966,704 3,854,364,311 4,226,432,569 4,767,568,432 4,670,684,664
198,770,429 238,279,835 318,667,859 325,756,388 271,011,480
4,213,698,311 5,171,373,204 5,643,086,097 6,474,405,776 6,134,110,046
402,479,823 469,267,797 477,615,770 535,829,420 476,641,395
174,044,738 147,510,726 184,087,341 184,565,619 158,136,959
203,579,158 190,577,446 188,414,080 238,334,964 178,262,389
804,124,587 1,275,225,750 1,085,196,330 1,700,945,540 1,883,016,588
2,472,723,457 2,842,331,732 3,417,406,346 3,536,281,538 3,239,522,889
175,025,866 204,625,366 256,574,388 305,012,840 445,326,866
124,155,790 159,434,804 237,965,887 300,791,664 313,290,894
2,348,567,667 2,682,896,928 3,179,440,459 3,235,489,874 2,926,231,995
87,421,942 168,544,767 191,279,879 214,981,241 202,240,090
193,480,396 237,349,790 337,052,238 364,259,118 309,580,630
301,311,863 383,579,497 482,070,799 591,254,959 542,177,331
129,874,785 183,686,714 246,295,314 324,366,818 300,110,853
171,437,078 199,892,786 235,775,485 266,888,101 236,688,896
20,258,591 61,165,329 104,266,763 115,339,021 93,488,117
146,652,481 141,321,995 130,344,598 151,550,776 147,156,497
68,118,332 92,849,866 103,289,492 104,006,652 88,162,502
100,152,674 125,859,144 166,010,509 185,579,517 161,777,910
96,141,879 123,286,772 160,702,985 181,757,429 167,422,101
118,675,491 107,153,118 63,261,197 53,706,784 50,921,714
78,257,115 77,935,097 43,415,974 47,987,899 29,438,202
140,389,565 418,781,554 1,849,272 617,468,117 375,982,696
2,179,891,108 3,205,635,962 2,565,591,273 2,969,658,632 3,114,742,972
56.90% 52.11% 48.91% 45.14% 43.66%
4.07% 3.87% 4.18% 4.12% 3.95%
23.62% 17.88% 8.59% 8.31% 5.93%
1.86% 1.51% 0.77% 0.74% 0.48%
1.62% 1.80% 1.83% 1.61% 1.44%
3.48% 2.73% 2.31% 2.34% 2.40%
43.10% 47.89% 51.09% 54.86% 55.35%
0.81 1.15 2.54 3.38 3.29
27.11% 26.42% 28.36% 26.69% 25.67%
1.41 1.33 1.56 1.75 1.90
13.68% 11.93% 11.73% 11.13% 10.35%
19.08% 24.66% 19.23% 26.27% 30.70%
55.74% 51.88% 56.34% 49.97% 47.70%
74.57% 74.53% 74.90% 73.64% 76.14%
90.61% 89.47% 89.93% 89.88% 90.97%
78.70% 73.74% 80.86% 74.17% 69.36%
69.45% 66.00% 72.92% 65.22% 61.80%
7.08% 7.20% 7.51% 8.63% 13.75%
5.02% 5.61% 6.96% 8.51% 9.67%
52.82% 46.93% 50.76% 52.82% 89.73%
16.32% 38.36% 43.82% 38.35% 29.84%
70.94% 77.92% 92.75% 98.62% 70.35%
7.86% 8.43% 8.96% 8.92% 8.09%
6.58 7.35 5.08 5.14 6.28
9.48 8.84 8.36 8.26 9.41
1.79 5.37 0.04 12.87 12.77
(Thousand Rupees) All Banks - Overall
28
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
304,851,985 416,570,840 470,965,547 541,640,742 441,927,667
143,200,391 214,444,697 244,915,598 287,671,156 303,057,929
101,097,330 118,940,698 148,181,461 160,755,231 167,945,627
60,554,264 83,185,445 77,868,488 93,214,355 (29,075,889)
64,595,850 108,672,209 63,489,982 77,944,333 43,652,352
3,568,143,289 4,473,437,078 4,874,068,893 5,613,784,094 5,242,824,285
55,611,140 78,328,193 65,107,084 67,937,887 59,685,624
373,754,767 432,584,922 442,681,300 637,490,458 539,608,515
2,951,799,705 3,737,263,105 4,078,494,404 4,606,632,002 4,398,530,444
186,977,677 225,260,858 287,786,105 301,723,747 244,999,702
3,937,591,124 4,998,680,127 5,408,524,422 6,233,369,169 5,728,404,304
368,655,772 445,344,022 442,680,478 501,036,194 436,891,208
162,042,059 142,213,130 165,718,117 168,295,773 152,726,290
187,924,930 174,168,615 158,500,096 206,217,010 137,139,110
754,055,493 1,248,798,605 1,062,603,406 1,648,572,930 1,762,708,051
2,317,383,503 2,751,665,342 3,312,965,635 3,441,167,668 3,075,934,892
170,766,831 203,448,143 253,438,126 298,621,849 423,030,294
121,163,532 157,223,346 235,446,658 296,003,278 297,013,356
2,196,219,971 2,594,441,996 3,077,518,977 3,145,164,390 2,778,921,536
83,240,739 166,577,174 187,582,375 211,391,751 169,239,819
185,452,160 227,136,585 313,920,973 352,691,121 290,778,290
278,214,054 368,333,275 463,838,210 568,991,933 514,830,501
118,773,450 175,541,831 237,196,646 312,169,683 290,099,278
159,440,604 192,791,447 226,641,564 256,822,210 224,781,223
18,415,063 58,426,217 99,698,545 110,612,012 89,393,994
140,702,065 136,959,768 125,735,437 146,210,238 139,342,947
62,087,508 87,927,505 97,517,397 98,397,974 82,738,130
90,804,700 119,082,194 155,635,765 173,525,486 150,293,323
86,846,915 117,431,866 150,384,735 169,859,329 156,118,139
111,825,891 104,645,480 63,254,685 54,557,356 49,408,874
73,486,907 76,175,349 42,765,351 48,797,277 28,417,866
14,376,460 21,413,538 24,452,483 28,727,997 30,213,352
128,804,651 419,615,976 (30,881,293) 562,404,446 355,325,122
1,790,210,145 2,692,648,071 2,165,108,445 2,580,566,610 2,614,651,649
57.31% 52.34% 48.86% 45.14% 43.66%
4.05% 3.86% 4.19% 4.12% 3.92%
0.24 0.18 0.09 0.09 0.06
1.87% 1.52% 0.79% 0.78% 0.50%
1.58% 1.76% 1.80% 1.58% 1.44%
3.57% 2.74% 2.32% 2.35% 2.43%
42.69% 47.66% 51.14% 54.86% 56.35%
0.78 1.12 2.38 3.11 3.16
26.68% 26.10% 27.72% 26.00% 25.15%
1.40 1.34 1.54 1.73 1.89
5.11 3.56 1.75 1.70 0.94
13.48% 11.75% 11.25% 10.74% 10.29%
19.15% 24.98% 19.65% 26.45% 30.77%
55.78% 51.90% 56.90% 50.46% 48.51%
74.96% 74.76% 75.41% 73.90% 76.78%
90.62% 89.49% 90.12% 90.06% 91.52%
78.51% 73.63% 81.23% 74.70% 69.93%
69.68% 65.99% 73.28% 65.62% 62.29%
7.37% 7.39% 7.65% 8.68% 13.75%
7.61% 7.44% 10.92% 8.60% 9.66%
56.02% 48.84% 53.81% 55.13% 95.72%
15.20% 37.16% 42.34% 37.37% 30.10%
70.95% 77.28% 92.90% 99.12% 70.21%
7.74% 8.33% 8.71% 8.69% 7.71%
5.87 6.46 4.60 4.76 5.92
21.20 19.45 19.26 18.85 14.63
9.68 8.97 8.66 8.50 9.95
1.75 5.51 -0.72 11.53 12.50
(Thousand Rupees) Local Banks - Overall
N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A
29
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
67,368,318 90,977,453 93,237,138 105,947,390 22,485,279
12,277,801 16,671,332 18,544,359 21,339,327 17,558,175
19,320,882 24,729,769 29,033,178 30,772,821 9,588,563
35,769,635 49,576,352 45,659,601 53,835,242 (4,661,459)
34,647,054 51,320,469 18,749,454 24,407,777 2,844,231
734,145,090 893,595,159 930,323,564 1,048,855,345 378,829,498
11,674,603 8,541,822 11,663,371 12,159,963 3,370,018
23,950,832 30,071,917 53,675,530 62,735,275 21,969,713
665,737,606 812,969,640 819,683,051 925,579,944 342,319,425
32,782,049 42,011,780 45,301,612 48,380,163 11,170,342
836,160,462 1,035,893,081 1,042,310,156 1,179,210,512 404,159,008
94,960,320 111,258,061 119,322,457 128,768,167 29,381,894
48,419,975 43,513,302 44,286,770 33,574,566 14,221,027
38,784,613 28,017,600 20,394,708 23,167,380 14,633,604
179,883,222 296,355,059 204,784,000 262,378,136 100,961,868
465,064,714 526,923,813 629,389,241 702,391,244 239,080,287
41,840,789 44,053,993 46,182,798 47,425,052 51,555,473
35,378,658 39,203,981 68,723,074 80,306,472 28,607,493
429,686,056 487,719,832 560,666,167 622,084,772 210,472,794
12,045,780 29,537,449 28,051,915 29,836,672 7,847,740
32,380,496 39,491,778 64,804,139 79,400,819 26,640,081
58,326,659 71,174,301 82,390,735 99,987,156 35,625,221
22,998,660 32,896,942 42,609,185 58,902,037 26,909,381
35,327,999 38,277,359 39,781,550 41,085,119 8,715,840
3,109,850 7,287,953 30,489,527 32,340,670 21,126,108
32,218,149 30,989,906 9,292,023 8,744,449 (11,764,736)
15,485,832 19,795,675 21,028,786 23,658,764 6,774,674
16,174,937 17,563,511 23,756,378 27,820,970 8,948,066
15,851,759 17,311,928 21,993,798 26,542,786 8,738,096
31,539,251 33,235,659 6,564,431 4,582,243 (13,938,128)
21,195,524 23,856,716 5,642,453 7,435,057 (7,822,720)
1,227,780 1,667,133 1,854,436 2,133,932 1,755,817
20,690,662 117,131,331 (45,155,885) 5,620,493 (5,845,144)
342,542,955 453,678,543 294,175,142 290,828,179 162,900,772
60.57% 53.78% 48.28% 41.09% 24.47%
4.23% 3.70% 3.82% 3.48% 2.16%
0.31 0.26 0.06 0.07 -0.35
2.53% 2.30% 0.54% 0.63% -1.94%
1.85% 1.91% 2.02% 2.01% 1.68%
3.85% 2.99% 0.89% 0.74% -2.91%
39.43% 46.22% 51.72% 58.91% 75.53%
0.50 0.52 3.35 5.79 -0.63
21.91% 19.31% 22.97% 22.50% 21.10%
1.02 0.87 1.05 1.12 1.29
17.26 14.31 3.04 3.48 -4.46
17.15% 14.94% 15.70% 13.77% 10.79%
21.51% 28.61% 19.65% 22.25% 24.98%
51.39% 47.08% 53.79% 52.75% 52.08%
79.62% 78.48% 78.64% 78.49% 84.70%
87.80% 86.26% 89.26% 88.95% 93.73%
69.86% 64.81% 76.78% 75.89% 69.84%
67.43% 62.50% 72.07% 71.07% 65.63%
9.00% 8.36% 7.34% 6.75% 21.56%
3.52% 4.49% 5.64% 11.43% 11.97%
62.11% 48.42% 49.53% 44.76% 229.29%
8.79% 18.59% 44.37% 40.27% 73.85%
84.56% 88.99% 148.81% 169.33% 55.49%
8.06% 8.78% 8.95% 8.98% 5.56%
5.08 4.99 3.16 2.75 7.24
54.87 54.57 50.28 49.65 12.81
9.88 8.94 8.79 8.74 15.22
0.98 4.91 -8.00 0.76 0.75
(Thousand Rupees) Public Sector Banks - Overall
N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A
30
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
868,479 1,028,116 1,135,800 1,058,318 1,084,517
283,650 283,650 283,650 283,650 283,650
175,759 207,336 228,540 228,540 233,282
409,070 537,130 623,610 546,128 567,585
66,153 60,128 (32,767) 35,049 21,504
8,054,770 7,897,332 6,200,688 9,164,693 11,597,139
62,057 193,321 101,993 89,020 102,182
931,520 21,543 27,140 31,328 966,885
7,061,193 7,682,468 5,939,308 8,756,793 10,195,214
0 0 132,247 287,552 332,858
8,989,402 8,985,576 7,303,721 10,258,060 12,703,160
705,703 809,657 575,929 713,140 836,311
301,056 384,792 400,761 586,849 600,228
1,431,628 1,245,000 350,849 1,136,025 926,323
3,137,533 3,159,640 2,264,088 4,097,423 3,430,251
3,114,821 3,129,582 3,409,842 3,481,854 6,535,694
47,503 85,282 105,512 207,633 430,232
48,572 66,075 105,512 207,633 227,554
3,066,249 3,063,507 3,304,330 3,274,221 6,308,140
153,060 148,686 174,833 203,972 188,248
194,173 174,294 232,931 246,430 413,659
722,410 685,346 736,103 896,476 1,374,548
237,905 171,694 212,601 408,000 763,841
484,505 513,652 523,502 488,476 610,707
5,583 18,065 50,153 179,549 76,899
478,922 495,587 473,349 308,927 533,808
61,874 82,485 90,343 66,879 57,141
284,312 339,650 373,249 462,060 536,272
284,219 332,517 367,798 451,930 533,679
256,484 238,422 190,443 (86,254) 54,677
165,910 157,887 106,020 (80,101) 23,711
28,365 28,365 28,365 28,365 28,365
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
(2,228,763) 214,391 (930,303) 2,108,232 (521,807)
532,835 198,418 202,048 226,087 201,272
67.07% 74.95% 71.12% 54.49% 44.43%
5.39% 5.72% 7.17% 4.76% 4.81%
0.19 0.15 0.09 -0.08 0.02
1.85% 1.76% 1.45% -0.78% 0.19%
0.69% 0.92% 1.24% 0.65% 0.45%
5.33% 5.52% 6.48% 3.01% 4.20%
32.93% 25.05% 28.88% 45.51% 55.57%
1.11 1.39 1.93 -5.24 9.76
36.25% 44.23% 45.16% 47.96% 37.46%
4.59 4.03 4.07 6.76 9.34
5.85 5.57 3.74 -2.82 0.84
11.20% 13.29% 13.37% 12.67% 11.31%
34.90% 35.16% 31.00% 39.94% 27.00%
34.11% 34.09% 45.24% 31.92% 49.66%
78.55% 85.50% 81.32% 85.37% 80.26%
89.60% 87.89% 84.90% 89.34% 91.29%
44.11% 40.74% 57.41% 39.76% 64.11%
38.97% 40.62% 57.15% 39.62% 58.55%
1.53% 2.73% 3.09% 5.96% 6.58%
3.48%
5.47% 8.29% 9.29% 19.62% 39.67%
11.49% 27.34% 47.53% 86.47% 33.79%
102.25% 77.48% 100.00% 100.00% 52.89%
9.66% 11.44% 15.55% 10.32% 8.54%
0.61 0.19 0.18 0.21 0.19
30.62 36.25 40.04 37.31 38.23
8.13 7.47 5.23 8.27 9.40
-13.43 1.36 -8.77 -26.32 -22.01
- - - -
(Thousand Rupees) FIRST WOMEN BANK LIMITED
31
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
53,044,649 69,270,631 81,367,002 94,791,919 10,740,123
7,090,712 8,154,319 8,969,751 10,763,702 6,982,550
13,879,260 15,772,124 19,941,047 22,681,707 1,380,010
32,074,677 45,344,188 52,456,204 61,346,510 2,377,563
28,909,469 47,067,023 21,092,216 24,764,459 339,868
553,178,593 645,855,939 715,299,108 824,676,384 143,672,434
10,605,663 7,061,902 10,219,061 10,621,169 1,767,370
11,704,079 10,886,063 40,458,926 45,278,138 5,829,296
501,872,243 591,907,435 624,939,016 726,464,825 131,070,328
28,996,608 36,000,539 39,682,105 42,312,252 5,005,440
635,132,711 762,193,593 817,758,326 944,232,762 154,752,425
78,625,227 94,873,249 106,503,756 115,827,868 12,780,806
40,641,679 37,472,832 38,344,608 28,405,564 9,939,660
23,012,732 21,464,600 17,128,032 19,587,176 10,511,855
139,946,995 210,787,868 170,822,491 217,642,822 54,966,907
348,370,458 375,090,202 457,828,029 530,862,393 58,046,309
36,259,886 38,317,552 56,462 70,923 4,318,323
32,260,052 34,413,102 44,841,164 55,618,962 3,851,146
316,110,406 340,677,100 412,986,865 475,243,431 54,195,163
9,681,974 25,922,979 24,217,655 25,147,192 3,066,100
27,113,698 30,994,965 47,754,919 62,378,709 9,291,934
44,100,934 50,569,481 60,942,798 77,947,697 12,290,549
13,947,218 16,940,011 23,884,768 39,489,649 6,606,474
30,153,716 33,629,470 37,058,030 38,458,048 5,684,075
2,371,546 4,722,735 10,970,814 11,669,335 1,496,476
27,782,170 28,906,735 26,087,216 26,788,713 4,187,599
12,162,892 13,544,845 16,415,862 19,025,357 2,475,030
13,634,485 14,391,079 19,502,080 23,513,897 4,535,669
13,443,441 14,205,911 18,171,198 22,571,470 4,460,804
26,310,577 28,060,501 23,000,998 22,300,173 2,126,960
17,022,346 19,033,773 15,458,590 18,211,846 1,649,588
709,071 815,432 896,975 1,076,370 698,255
0.40% 0.75% 65.00% 75.00% 0.00%
0.15% 0.10% 20.00% 25.00% 0.15%
10,176,913 78,804,419 2,532,681 45,451,673 41,257,569
295,045,324 385,849,667 241,861,468 236,732,608 108,236,057
68.37% 66.50% 60.81% 49.34% 46.25%
4.75% 4.41% 4.53% 4.07% 3.67%
0.32 0.27 0.19 0.19 0.15
2.68% 2.50% 1.89% 1.93% 1.07%
1.92% 1.78% 2.01% 2.01% 1.60%
4.37% 3.79% 3.19% 2.84% 2.71%
31.63% 33.50% 39.19% 50.66% 53.75%
0.51 0.51 0.79 1.01 2.10
24.23% 22.45% 25.21% 24.25% 30.72%
1.11 1.05 1.11 1.19 1.80
24.01 23.34 17.23 16.92 2.36
18.78% 17.36% 17.71% 15.28% 14.68%
22.03% 27.66% 20.89% 23.05% 35.52%
49.77% 44.70% 50.50% 50.33% 35.02%
79.02% 77.66% 76.42% 76.94% 84.70%
87.10% 84.74% 87.47% 87.34% 92.84%
69.41% 63.37% 73.26% 73.07% 44.29%
67.83% 62.23% 68.81% 68.79% 42.40%
10.41% 10.22% 0.01% 0.01% 7.44%
10.48% 6.63%
68.36% 55.32% 0.07% 0.07% 40.21%
7.35% 13.72% 24.47% 20.98% 38.86%
88.97% 89.81% 79,418.31% 78,421.61% 89.18%
8.35% 9.09% 9.95% 10.04% 6.94%
5.56 5.57 2.97 2.50 10.08
74.81 84.95 90.71 88.07 15.38
9.46 8.54 7.68 7.66 12.20
0.60 4.14 0.16 2.50 25.01
- - -
(Thousand Rupees) NATIONAL BANK OF PAKISTAN
32
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
2,796,222 5,568,253 5,677,816 5,040,633 5,604,119
2,000,949 4,002,984 4,002,984 5,004,001 5,004,001
728,631 1,323,077 1,436,359 435,342 548,039
66,642 242,192 238,473 (398,710) 52,079
204,686 307,977 (996,600) 921,664 3,796,254
24,182,304 23,863,487 26,657,773 32,848,273 41,393,930
150,435 348,952 122,516 229,973 280,665
4,325,809 1,321,396 910,691 5,147,036 2,894,759
19,076,564 21,410,828 24,732,195 26,285,794 36,981,351
629,496 782,311 892,371 1,185,470 1,237,155
27,183,212 29,739,717 31,338,989 38,810,570 50,794,303
1,574,531 1,364,853 1,557,715 1,542,102 5,079,720
3,755,151 3,728,016 3,362,946 2,403,698 1,502,684
2,493,430 2,858,000 2,282,494 1,810,846 2,562,093
8,565,483 8,945,856 8,985,441 17,925,911 19,852,730
11,108,715 12,174,026 14,925,119 14,820,746 21,272,033
3,187,646 2,301,268 3,331,487 4,457,159 4,117,581
1,919,268 2,088,386 2,281,305 2,984,784 3,033,700
9,189,447 10,085,640 12,643,814 11,835,962 18,238,333
142,002 213,025 187,589 1,013,670 1,121,554
1,463,168 2,544,327 2,318,990 2,278,381 2,437,189
1,924,279 2,380,380 2,958,865 3,390,014 4,207,155
1,304,742 1,845,360 1,897,816 2,390,388 2,925,066
619,537 535,020 1,061,049 999,626 1,282,089
358,995 659,384 238,593 1,261,819 322,766
260,542 (124,364) 822,456 (262,193) 1,604,855
306,677 745,552 339,755 383,702 59,677
375,957 543,763 956,315 920,279 951,391
372,129 522,723 654,869 719,453 943,680
203,469 91,014 205,896 (798,770) 713,141
203,013 219,437 137,348 (637,183) 563,486
200,095 400,298 400,298 500,400 500,400
0.00% 0.00% 25.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
2,745,400 (2,390,426) 1,626,745 6,445,596 1,804,102
4,420,004 4,641,163 5,208,484 6,966,342 7,560,301
32.20% 22.48% 35.86% 29.49% 30.47%
2.28% 1.80% 3.39% 2.58% 2.52%
0.07 0.04 0.02 -0.13 0.10
0.75% 0.74% 0.44% -1.64% 1.11%
1.13% 2.51% 1.08% 0.99% 0.12%
0.96% -0.42% 2.62% -0.68% 3.16%
67.80% 77.52% 64.14% 70.51% 69.53%
1.83 5.74 3.18 -0.90 1.32
16.85% 17.40% 28.99% 24.39% 22.30%
1.21 0.70 1.93 1.88 15.81
1.01 0.55 0.34 -1.27 1.13
19.61% 17.12% 15.70% 10.17% 12.96%
31.51% 30.08% 28.67% 46.19% 39.08%
33.81% 33.91% 40.35% 30.50% 35.91%
70.18% 71.99% 78.92% 67.73% 72.81%
88.96% 80.24% 85.06% 84.64% 81.49%
58.23% 56.86% 60.35% 56.38% 57.52%
47.47% 53.55% 58.20% 47.15% 53.35%
28.70% 18.90% 22.32% 30.07% 19.36%
14.26%
114.00% 41.33% 58.68% 88.42% 73.47%
18.70% 31.57% 10.46% 42.28% 10.64%
60.21% 90.75% 68.48% 66.97% 73.68%
10.29% 18.72% 18.12% 12.99% 11.03%
1.58 0.83 0.92 1.38 1.35
13.97 13.91 14.18 10.07 11.20
6.82 3.85 4.36 5.21 6.60
13.52 -10.89 11.84 -10.12 3.20
- - - -
(Thousand Rupees) THE BANK OF KHYBER
33
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
10,658,968 15,110,453 5,056,520 5,056,520 5,056,520
2,902,490 4,230,379 5,287,974 5,287,974 5,287,974
4,537,232 7,427,232 7,427,232 7,427,232 7,427,232
3,219,246 3,452,842 (7,658,686) (7,658,686) (7,658,686)
5,466,746 3,885,341 (1,313,395) (1,313,395) (1,313,395)
148,729,423 215,978,401 182,165,995 182,165,995 182,165,995
856,448 937,647 1,219,801 1,219,801 1,219,801
6,989,424 17,842,915 12,278,773 12,278,773 12,278,773
137,727,606 191,968,909 164,072,532 164,072,532 164,072,532
3,155,945 5,228,930 4,594,889 4,594,889 4,594,889
164,855,137 234,974,195 185,909,120 185,909,120 185,909,120
14,054,859 14,210,302 10,685,057 10,685,057 10,685,057
3,722,089 1,927,662 2,178,455 2,178,455 2,178,455
11,846,823 2,450,000 633,333 633,333 633,333
28,233,211 73,461,695 22,711,980 22,711,980 22,711,980
102,470,720 136,530,003 153,226,251 153,226,251 153,226,251
2,345,754 3,349,891 42,689,337 42,689,337 42,689,337
1,150,766 2,636,418 21,495,093 21,495,093 21,495,093
101,319,954 133,893,585 131,731,158 131,731,158 131,731,158
2,068,744 3,252,759 3,471,838 3,471,838 3,471,838
3,609,457 5,778,192 14,497,299 14,497,299 14,497,299
11,579,036 17,539,094 17,752,969 17,752,969 17,752,969
7,508,795 13,939,877 16,614,000 16,614,000 16,614,000
4,070,241 3,599,217 1,138,969 1,138,969 1,138,969
373,726 1,887,769 19,229,967 19,229,967 19,229,967
3,696,515 1,711,948 (18,090,998) (18,090,998) (18,090,998)
2,954,389 5,422,793 4,182,826 4,182,826 4,182,826
1,880,183 2,289,019 2,924,734 2,924,734 2,924,734
1,751,970 2,250,777 2,799,933 2,799,933 2,799,933
4,768,721 4,845,722 (16,832,906) (16,832,906) (16,832,906)
3,804,255 4,445,619 (10,059,505) (10,059,505) (10,059,505)
290,249 423,038 528,797 528,797 528,797
0.00% 0.00% 0.00%
0.33% 0.35% 0.00%
9,997,112 40,502,947 (48,385,008) (48,385,008) (48,385,008)
42,544,792 62,989,295 46,903,142 46,903,142 46,903,142
35.15% 20.52% 6.42% 6.42% 6.42%
2.47% 1.53% 0.61% 0.61% 0.61%
0.36 0.29 -1.99 -1.99 -1.99
2.31% 1.89% -5.41% -5.41% -5.41%
1.79% 2.31% 2.25% 2.25% 2.25%
2.24% 0.73% -9.73% -9.73% -9.73%
64.85% 79.48% 93.58% 93.58% 93.58%
0.37 0.46 -0.17 -0.17 -0.17
12.94% 9.97% 13.33% 13.33% 13.33%
0.59 0.42 0.67 0.67 0.67
13.11 10.51 -19.02 -19.02 -19.02
10.78% 6.87% 6.92% 6.92% 6.92%
17.13% 31.26% 12.22% 12.22% 12.22%
61.46% 56.98% 70.86% 70.86% 70.86%
83.54% 81.70% 88.25% 88.25% 88.25%
90.22% 91.92% 97.99% 97.99% 97.99%
74.40% 71.12% 93.39% 93.39% 93.39%
70.81% 65.07% 86.89% 86.89% 86.89%
2.29% 2.45% 27.86% 27.86% 27.86%
14.03%
22.01% 22.17% 844.24% 844.24% 844.24%
32.48% 71.60% 89.46% 89.46% 89.46%
49.06% 78.70% 50.35% 50.35% 50.35%
6.47% 6.43% 2.72% 2.72% 2.72%
3.99 4.17 9.28 9.28 9.28
36.72 35.72 9.56 9.56 9.56
12.92 12.70 32.45 32.45 32.45
2.63 9.11 4.81 4.81 4.81
- -
- -
- - - -
(Thousand Rupees) THE BANK OF PUNJAB
34
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
248,727,756 335,558,244 385,359,458 444,129,604 425,814,184
116,470,445 182,923,895 210,865,136 250,825,234 269,992,746
80,152,008 92,324,287 116,709,912 127,537,440 153,516,028
52,105,303 60,310,062 57,784,410 65,766,930 2,305,410
28,915,088 54,306,190 41,246,518 49,970,978 37,133,478
2,704,821,416 3,445,854,766 3,809,399,381 4,431,866,988 4,732,515,640
43,585,396 69,288,789 52,687,992 55,027,087 55,626,229
263,365,254 315,173,884 305,687,636 491,820,902 437,304,611
2,272,570,838 2,909,973,436 3,244,927,861 3,667,789,764 4,041,426,121
125,299,928 151,418,657 206,095,892 217,229,235 198,158,679
2,982,464,260 3,835,719,200 4,236,005,357 4,925,967,570 5,195,463,302
271,384,521 330,722,925 320,517,786 369,535,987 404,584,393
99,080,645 80,978,851 103,115,398 116,590,148 120,716,595
148,847,863 144,267,071 137,405,388 182,534,916 122,396,704
557,690,877 936,617,336 845,773,291 1,374,670,414 1,650,082,715
1,757,860,225 2,129,767,639 2,582,387,596 2,638,694,641 2,737,590,401
92,699,106 128,088,718 184,544,581 222,271,186 343,277,081
61,943,716 95,687,146 145,648,689 194,915,393 247,464,081
1,695,916,509 2,034,080,493 2,436,738,907 2,443,779,248 2,490,126,320
68,804,788 133,328,851 154,423,798 176,476,618 156,313,741
140,739,057 175,723,673 238,030,789 262,380,239 251,242,834
211,613,148 287,468,766 370,761,372 458,148,526 468,261,433
91,601,562 137,649,901 189,477,389 247,069,200 257,785,425
120,011,586 149,818,868 181,283,983 211,079,326 210,476,008
12,284,598 46,568,286 67,875,442 76,501,736 65,994,578
108,176,864 104,770,698 113,412,163 134,577,590 147,661,088
40,926,150 61,874,183 70,125,358 68,429,864 69,559,148
67,886,719 95,778,014 125,060,096 139,439,745 135,071,291
67,002,236 94,277,551 122,545,992 136,747,079 141,454,709
81,200,293 69,834,448 52,529,021 46,772,907 59,715,435
53,362,811 51,435,338 34,800,231 39,560,687 33,965,952
11,755,894 18,314,321 21,086,511 25,082,523 26,960,119
109,749,218 297,933,704 16,415,664 556,059,028 362,115,879
1,435,687,891 2,228,515,711 1,847,899,393 2,263,706,100 2,437,290,625
56.71% 52.12% 48.90% 46.07% 44.95%
4.02% 3.91% 4.28% 4.29% 4.05%
0.21 0.15 0.09 0.09 0.08
1.79% 1.34% 0.82% 0.80% 0.65%
1.37% 1.61% 1.66% 1.39% 1.34%
3.63% 2.73% 2.68% 2.73% 2.84%
43.29% 47.88% 51.10% 53.93% 55.05%
0.83 1.35 2.33 2.92 2.37
26.88% 27.42% 28.37% 26.48% 25.11%
1.64 1.52 1.75 2.00 2.03
4.54 2.81 1.65 1.58 1.26
12.42% 10.73% 10.00% 9.87% 10.11%
18.70% 24.42% 19.97% 27.91% 31.76%
56.86% 53.03% 57.52% 49.61% 47.93%
76.20% 75.87% 76.60% 74.46% 77.79%
90.69% 89.84% 89.93% 89.97% 91.09%
77.35% 73.19% 79.58% 71.94% 67.74%
69.32% 66.04% 72.73% 63.44% 61.12%
5.27% 6.01% 7.15% 8.42% 12.54%
25.24% 23.51% 20.83% 7.39% 9.04%
37.27% 38.17% 47.89% 50.05% 80.62%
19.83% 48.67% 46.60% 39.25% 26.67%
66.82% 74.70% 78.92% 87.69% 72.09%
8.34% 8.75% 9.10% 9.02% 8.20%
5.77 6.64 4.80 5.10 5.72
21.16 18.32 18.28 17.71 15.79
9.14 8.67 8.42 8.26 9.49
2.06 5.79 0.47 14.06 10.66
(Thousand Rupees) Private Sector Banks - Overall
N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A
35
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
119,732 2,811,700 4,051,584 3,487,571 6,883,176
250,533 3,000,000 4,500,000 4,500,000 8,935,200
0 0 0 0 0
(130,801) (188,300) (448,416) (1,012,429) (2,052,024)
2,239,942 1,007,855 17,255 6,045 (764,099)
88,624 5,121,920 12,468,548 16,268,834 54,644,587
0 99,753 148,403 262,691 427,600
0 68,908 725,000 20,000 2,756,892
0 4,552,909 10,892,602 15,081,242 49,324,209
88,624 400,350 702,543 904,901 2,135,886
2,448,298 8,941,475 16,537,387 19,762,450 60,763,664
34 991,301 909,378 1,337,892 4,460,257
51,069 419,737 195,134 959,078 7,409,620
1,597,947 1,350,000 320,000 1,600,000 80,000
0 2,275,123 2,756,159 3,356,705 15,617,589
32,906 2,623,663 7,788,664 9,760,212 28,820,378
0 2,138 13,537 1,213,994 3,735,780
0 2,138 11,181 320,969 1,923,180
32,906 2,621,525 7,777,483 9,439,243 26,897,198
656,972 953,864 1,619,029 1,741,736 2,732,332
109,370 329,925 2,960,204 1,327,796 3,566,668
17,334 381,172 1,060,376 1,914,228 2,198,794
0 125,011 598,062 1,234,890 1,658,608
17,334 256,161 462,314 679,338 540,186
25,000 8,032 1,811 344,009 764,375
(7,666) 248,129 464,125 335,329 (224,189)
0 63,763 95,111 301,855 247,021
159,104 395,546 950,599 1,436,066 1,595,139
159,104 395,539 949,634 1,410,569 1,508,590
(166,770) (83,654) (391,363) (798,882) (1,572,307)
(108,735) (57,499) (260,116) (564,013) (1,039,595)
25,053 300,000 450,000 450,000 893,520
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
(1,811,720) 2,457,242 406,132 2,173,889 8,797,050
10,703 4,297,712 3,064,151 8,660,685 14,532,742
100.00% 67.20% 43.60% 35.49% 24.57%
0.71% 2.86% 2.80% 3.44% 0.89%
-0.91 -0.02 -0.06 -0.16 -0.15
-4.44% -0.64% -1.57% -2.85% -1.71%
0.00% 0.71% 0.58% 1.53% 0.41%
-0.31% 2.78% 2.81% 1.70% -0.37%
0.00% 32.80% 56.40% 64.51% 75.43%
-0.95 -4.73 -2.43 -1.77 -0.96
917.87% 88.90% 82.27% 64.80% 65.22%
6.20 9.98 4.67 6.11
-4.34 -0.19 -0.58 -1.25 -1.16
2.09% 15.78% 6.68% 11.62% 19.53%
0.00% 25.44% 16.67% 16.99% 25.70%
1.34% 29.32% 47.03% 47.76% 44.27%
0.00% 50.92% 65.87% 76.31% 81.17%
3.62% 57.28% 75.40% 82.32% 89.93%
57.63% 71.50% 64.72% 58.43%
56.77% 67.04% 64.63% 55.34%
0.00% 0.08% 0.17% 12.44% 12.96%
6.67%
0.00% 0.08% 0.33% 34.81% 54.27%
375.68% 16.20% 107.18% 39.75%
100.00% 82.60% 26.44% 51.48%
4.89% 31.45% 24.50% 17.65% 11.33%
0.09 1.53 0.76 2.48 2.11
4.78 9.37 9.00 7.75 7.70
0.00 1.62 2.69 4.32 7.17
16.66 -42.74 -1.56 -3.85 -8.46
-
-
-
- - - -
-
-
(Thousand Rupees) ALBARAKA (PAKISTAN) LIMITED
36
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
16,229,647 18,408,391 20,805,117 25,891,278 31,166,452
4,488,642 5,386,370 6,463,644 7,110,008 7,821,009
6,133,209 6,050,713 5,804,776 6,582,845 7,516,910
5,607,796 6,971,308 8,536,697 12,198,425 15,828,533
1,458,106 1,469,851 1,550,497 4,068,700 4,808,405
234,339,023 300,231,481 344,340,055 388,414,353 413,956,669
2,278,007 3,494,384 2,952,490 3,162,429 4,118,791
18,410,425 22,933,656 27,778,151 39,818,532 20,774,450
206,031,324 263,972,382 297,475,321 328,875,037 371,284,268
7,619,267 9,831,059 16,134,093 16,558,355 17,779,160
252,026,776 320,109,723 366,695,669 418,374,331 449,931,526
23,042,011 29,739,857 23,653,754 26,435,633 31,265,608
1,703,011 668,449 2,096,779 1,280,443 579,555
19,050,239 18,419,241 15,793,183 28,122,932 11,488,944
46,953,241 83,958,463 82,646,595 94,789,492 121,173,409
151,705,418 178,524,257 223,639,777 249,886,703 268,529,771
10,478,589 11,354,923 13,771,895 16,281,178 18,688,166
7,671,784 10,116,977 10,667,769 12,542,665 15,430,262
144,033,634 168,407,280 212,972,008 237,344,038 253,099,509
6,445,111 7,548,628 11,134,436 12,446,748 15,359,742
10,799,529 11,367,805 18,398,914 17,955,045 16,964,759
17,215,507 21,201,422 30,570,540 41,121,503 44,992,696
6,793,101 10,019,004 17,272,724 22,421,694 22,427,652
10,422,406 11,182,418 13,297,816 18,699,809 22,565,044
704,871 2,714,842 3,156,001 4,497,604 4,083,385
9,717,535 8,467,576 10,141,815 14,202,205 18,481,659
2,449,068 3,920,099 4,896,915 5,958,034 5,671,786
5,505,509 6,434,599 8,917,790 9,624,119 11,810,339
5,290,578 6,018,346 8,121,805 9,423,503 11,241,587
6,661,094 5,953,076 6,120,940 10,536,120 12,343,106
4,397,250 4,076,158 4,156,686 7,122,167 8,225,332
448,864 538,637 646,364 711,001 782,101
0.25% 0.15% 25.00% 40.00% 0.40%
0.20% 0.20% 10.00% 10.00% 0.10%
9,328,210 46,349,828 563,633 10,811,077 36,199,585
63,338,135 117,080,646 126,060,778 11,586,667 108,128,287
60.54% 52.74% 43.50% 45.47% 50.15%
4.14% 3.49% 3.63% 4.47% 5.02%
0.27 0.22 0.20 0.28 0.26
1.74% 1.27% 1.13% 1.70% 1.83%
0.97% 1.22% 1.34% 1.42% 1.26%
3.86% 2.65% 2.77% 3.39% 4.11%
39.46% 47.26% 56.50% 54.53% 49.85%
0.79 1.01 1.33 0.89 0.91
28.00% 25.61% 25.14% 20.44% 23.31%
2.16 1.54 1.66 1.58 1.98
9.80 7.57 6.43 10.02 10.52
9.82% 9.50% 7.02% 6.62% 7.08%
18.63% 26.23% 22.54% 22.66% 26.93%
57.15% 52.61% 58.08% 56.73% 56.25%
81.75% 82.46% 81.12% 78.61% 82.52%
92.98% 93.79% 93.90% 92.84% 92.00%
73.63% 67.63% 75.18% 75.98% 72.32%
67.59% 62.22% 68.76% 67.78% 68.49%
6.91% 6.36% 6.16% 6.52% 6.96%
5.02% 5.75%
64.56% 61.68% 66.19% 62.88% 59.96%
9.19% 26.83% 29.58% 35.86% 26.46%
73.21% 89.10% 77.46% 77.04% 82.57%
6.44% 5.75% 5.67% 6.19% 6.93%
3.90 6.36 6.06 0.45 3.47
36.16 34.18 32.19 36.42 39.85
12.69 14.34 14.30 12.70 11.91
2.12 11.37 0.14 1.52 4.40
- - -
(Thousand Rupees) ALLIED BANK LIMITED
37
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
9,619,066 12,099,645 12,034,895 13,142,688 14,820,578
2,004,333 3,006,499 4,058,774 5,073,467 6,427,440
5,814,754 6,948,336 7,667,141 7,182,987 7,691,319
1,799,979 2,144,810 308,980 886,234 701,819
1,434,164 166,342 936,468 1,806,384 1,183,564
154,980,358 169,905,898 193,219,775 239,378,374 298,740,410
1,839,077 2,627,051 2,584,828 2,945,670 3,089,984
14,964,087 17,553,525 15,190,148 19,300,163 25,554,777
131,839,283 143,036,707 167,676,572 205,970,227 255,936,503
6,337,911 6,688,615 7,768,227 11,162,314 14,159,146
166,033,588 182,171,885 206,191,138 254,327,446 314,744,552
14,879,230 13,356,055 16,029,635 19,385,843 22,565,188
7,333,002 3,497,054 3,954,814 8,364,261 3,784,862
8,392,950 14,444,143 4,479,754 4,614,059 9,172,186
28,625,915 39,431,005 35,677,755 67,046,033 102,259,757
102,724,879 108,188,767 139,830,973 147,628,343 168,435,763
3,656,297 6,907,591 11,689,417 17,725,451 21,598,648
3,545,507 7,408,605 11,012,731 12,593,844 15,651,626
99,179,372 100,780,162 128,818,242 135,034,499 152,784,137
3,810,331 5,128,428 8,266,458 9,846,440 9,987,963
3,812,788 5,535,038 8,964,480 10,036,311 14,190,459
12,596,921 15,143,241 18,393,313 22,661,754 27,952,162
6,977,313 8,685,624 10,650,719 13,629,096 17,936,616
5,619,608 6,457,617 7,742,594 9,032,658 10,015,546
1,128,513 3,921,741 4,072,597 2,914,893 3,064,382
4,491,095 2,535,876 3,669,997 6,117,765 6,951,164
2,139,254 4,565,496 2,707,000 2,554,701 2,177,043
3,283,494 4,801,587 5,915,615 7,030,225 7,855,071
3,277,353 4,789,536 5,904,169 6,995,857 7,812,618
3,346,855 2,299,785 461,382 1,642,241 1,273,136
2,249,974 2,681,012 386,225 1,107,793 943,177
200,433 300,650 405,877 507,347 642,744
0.10% 0.15% 0.00% 0.00%
0.50% 0.35% 25.00% 20.00% 0.10%
8,356,026 8,370,382 2,596,563 36,409,130 35,810,016
112,195,415 145,064,726 202,238,722 106,574,473 196,716,932
44.61% 42.64% 42.09% 39.86% 35.83%
3.38% 3.54% 3.76% 3.55% 3.18%
0.23 0.22 0.03 0.08 0.06
1.36% 1.47% 0.19% 0.44% 0.30%
1.29% 2.51% 1.31% 1.00% 0.69%
2.70% 1.39% 1.78% 2.41% 2.21%
55.39% 57.36% 57.91% 60.14% 64.17%
0.98 2.08 12.80 4.26 6.14
22.28% 24.36% 28.04% 27.88% 26.07%
1.53 1.05 2.18 2.74 3.59
11.23 8.92 0.95 2.18 1.47
13.38% 9.25% 9.69% 10.91% 8.37%
17.24% 21.64% 17.30% 26.36% 32.49%
59.73% 55.32% 62.48% 53.09% 48.54%
79.41% 78.52% 81.32% 80.99% 81.32%
93.34% 93.27% 93.71% 94.12% 94.92%
77.92% 75.64% 83.39% 71.67% 65.81%
69.97% 67.37% 76.47% 65.53% 59.84%
3.56% 6.38% 8.36% 12.01% 12.82%
9.29%
38.01% 57.09% 97.13% 134.87% 145.73%
31.83% 52.93% 36.98% 23.15% 19.58%
96.97% 107.25% 94.21% 71.05% 72.47%
5.79% 6.64% 5.84% 5.17% 4.71%
11.66 11.99 16.80 8.11 13.27
47.99 40.24 29.65 25.90 23.06
13.71 11.82 13.93 15.67 17.27
3.71 3.12 6.72 32.87 37.97
-
- - - -
(Thousand Rupees) ASKARI BANK LIMITED
38
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
3,116,083 5,260,126 4,249,567 2,554,008 (149,218)
3,125,916 5,001,466 5,001,466 5,001,466 5,001,466
2,494 580,031 580,031 587,581 580,031
(12,327) (321,371) (1,331,930) (3,035,039) (5,730,715)
(117,793) (75,886) (592,623) (71,948) (68,708)
14,022,296 17,800,021 25,310,083 28,387,446 26,060,141
50,158 288,907 255,742 265,875 202,966
4,025,949 1,304,616 5,323,425 943,114 5,885,030
8,842,946 15,322,671 18,646,412 26,173,680 19,312,589
1,103,243 883,827 1,084,504 1,004,777 659,556
17,020,586 22,984,261 28,967,027 30,869,506 25,842,215
601,079 1,501,334 1,617,825 1,577,093 1,472,051
191,742 215,318 51,449 97,691 22,794
3,500,844 4,427,824 114,000 838,438 0
3,645,195 5,566,841 2,990,906 4,763,388 4,017,964
8,199,113 9,723,028 21,313,936 20,441,926 18,639,047
493,910 775,190 759,245 1,220,436 6,086,830
365,327 480,517 764,067 1,221,998 2,673,397
7,833,786 9,242,511 20,549,869 19,219,928 15,965,650
301,401 818,713 1,255,567 1,138,909 988,960
946,539 1,211,720 2,387,411 3,234,059 3,374,796
892,583 1,338,459 2,975,768 3,387,928 2,618,469
763,083 1,294,428 2,421,154 3,189,326 2,545,410
129,500 44,031 554,614 198,602 73,059
58,195 271,458 353,543 912,815 1,631,268
71,305 (227,427) 201,071 (714,213) (1,558,209)
96,588 346,786 245,152 49,168 (1,489,381)
308,729 668,923 2,040,433 2,062,038 1,836,588
308,205 665,546 1,864,887 1,894,233 1,486,646
(140,836) (549,564) (1,594,210) (2,727,083) (3,325,969)
8,682 (309,044) (1,010,559) (1,703,109) (2,695,676)
312,592 500,147 500,147 500,147 500,147
0.00% 0.00% 20.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
251,781 1,301,267 (1,300,475) 1,409,916 (880,780)
1,867,923 5,859,936 9,031,919 11,586,667 4,989,009
14.51% 3.29% 18.64% 5.86% 2.79%
0.76% 0.19% 1.91% 0.64% 0.28%
0.00 -0.06 -0.24 -0.67 18.07
0.05% -1.34% -3.49% -5.52% -10.43%
0.57% 1.51% 0.85% 0.16% -5.76%
0.42% -0.99% 0.69% -2.31% -6.03%
85.49% 96.71% 81.36% 94.14% 97.21%
-2.19 -1.21 -1.17 -0.69 -0.45
31.21% 39.69% 63.35% 59.99% 162.66%
3.19 1.92 7.61 38.53 -1.00
0.03 -0.62 -2.02 -3.41 -5.39
4.66% 7.47% 5.76% 5.43% 5.78%
21.42% 24.22% 10.33% 15.43% 15.55%
46.03% 40.21% 70.94% 62.26% 61.78%
51.95% 66.67% 64.37% 84.79% 74.73%
82.38% 77.44% 87.38% 91.96% 100.84%
92.72% 63.46% 114.31% 78.10% 96.51%
63.71% 58.48% 88.92% 75.38% 73.97%
6.02% 7.97% 3.56% 5.97% 32.66%
14.34%
15.85% 14.74% 17.87% 47.79% -4,079.15%
15.93% 56.49% 46.27% 74.70% 61.02%
73.97% 61.99% 100.64% 100.13% 43.92%
18.31% 22.89% 14.67% 8.27% -0.58%
0.60 1.11 2.13 4.54 -33.43
9.97 10.52 8.50 5.11 -0.30
2.84 2.91 4.39 10.25 -129.43
29.00 -4.21 1.29 -0.83 0.33
- - - -
(Thousand Rupees) ATLAS BANK LTD
39
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
6,186,336 8,013,757 9,967,204 12,286,874 14,706,382
2,629,334 3,681,068 4,785,388 6,101,370 7,321,643
2,082,561 2,527,949 3,062,830 3,664,925 4,392,264
1,474,441 1,804,740 2,118,986 2,520,579 2,992,475
336,056 311,561 1,665,205 1,818,084 1,359,729
108,475,645 132,908,956 165,690,582 235,701,642 285,486,350
1,390,913 2,394,482 2,232,334 3,187,383 2,989,989
10,788,554 9,826,525 12,369,743 33,517,109 22,579,348
91,419,963 114,818,855 144,389,563 189,280,062 249,774,212
4,876,215 5,869,094 6,698,942 9,717,088 10,142,801
114,998,037 141,234,274 177,322,991 249,806,600 301,552,461
9,346,431 13,766,500 11,936,275 14,377,589 19,000,978
1,232,902 604,742 3,621,152 4,626,726 2,132,403
6,578,800 4,112,429 295,396 0 1,139,268
21,023,254 35,287,080 48,234,497 111,017,701 137,167,680
71,036,205 79,446,698 101,402,372 108,373,012 129,083,545
388,263 216,628 862,550 2,067,656 2,943,863
240,244 222,318 1,205,376 2,387,693 3,310,481
70,795,961 79,224,380 100,196,996 105,985,319 125,773,064
3,910,067 5,786,287 9,166,020 9,561,955 10,213,390
2,110,622 2,452,856 3,872,655 4,237,310 6,125,678
7,857,745 9,945,872 14,586,841 22,120,105 27,475,443
4,078,200 5,764,757 8,004,294 13,053,137 16,678,554
3,779,545 4,181,115 6,582,547 9,066,968 10,796,889
20,959 93,266 1,149,345 1,183,026 946,296
3,758,586 4,087,849 5,433,202 7,883,942 9,850,593
1,363,244 2,130,824 2,416,304 1,836,082 2,129,546
2,432,449 3,166,446 4,374,426 5,207,953 6,323,928
2,432,395 3,166,045 4,306,759 5,045,731 6,162,449
2,689,381 3,052,227 3,578,532 4,512,071 5,656,211
1,760,992 2,211,333 2,425,016 2,856,294 3,602,161
262,933 368,107 478,538 610,137 732,164
0.15% 0.15% 12.50% 20.00% 0.20%
0.20% 0.30% 27.50% 20.00% 0.20%
4,202,822 20,066,569 16,856,703 65,727,310 30,018,943
4,160,867 61,774,447 59,797,421 63,417,914 60,004,910
48.10% 42.04% 45.13% 40.99% 39.30%
3.29% 2.96% 3.71% 3.63% 3.58%
0.28 0.28 0.24 0.23 0.24
1.53% 1.57% 1.37% 1.14% 1.19%
1.19% 1.51% 1.36% 0.74% 0.71%
3.27% 2.89% 3.06% 3.16% 3.27%
51.90% 57.96% 54.87% 59.01% 60.70%
0.90 1.04 1.20 1.12 1.09
26.38% 26.22% 25.73% 21.74% 21.36%
1.78 1.49 1.78 2.75 2.89
6.70 6.01 5.07 4.68 4.92
9.20% 10.18% 8.77% 7.61% 7.01%
18.28% 24.98% 27.20% 44.44% 45.49%
61.56% 56.09% 56.51% 42.43% 41.71%
79.50% 81.30% 81.43% 75.77% 82.83%
94.33% 94.11% 93.44% 94.35% 94.67%
77.70% 69.19% 70.23% 57.26% 51.68%
69.50% 63.74% 64.69% 48.64% 47.40%
0.55% 0.27% 0.85% 1.91% 2.28%
2.56%
6.28% 2.70% 8.65% 16.83% 20.02%
8.72% 41.95% 95.35% 49.55% 28.58%
61.88% 102.63% 139.75% 115.48% 112.45%
5.38% 5.67% 5.62% 4.92% 4.88%
0.67 7.71 6.00 5.16 4.08
23.53 21.77 20.83 20.14 20.09
14.78 14.33 14.49 15.41 16.98
2.39 9.07 6.95 23.01 8.33
- - - -
(Thousand Rupees) BANK AL-HABIB LIMITED
40
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
10,572,605 13,766,673 14,608,523 19,770,260 19,726,556
5,000,000 6,500,000 7,995,000 13,491,563 13,491,563
2,749,533 2,414,833 3,166,056 3,587,969 3,819,133
2,823,072 4,851,840 3,447,467 2,690,728 2,415,860
1,669,340 2,453,171 2,436,216 2,363,160 2,578,988
263,443,596 312,675,308 331,946,025 366,936,635 389,178,295
3,091,135 4,138,243 3,452,031 3,766,144 4,521,533
8,394,130 21,230,697 13,690,222 20,653,921 13,700,124
239,509,391 273,173,841 300,732,858 324,759,752 354,015,311
12,448,940 14,132,527 14,070,914 17,756,818 16,941,327
275,685,541 328,895,152 348,990,764 389,070,055 411,483,839
27,859,360 29,436,378 32,687,335 35,056,012 41,197,841
12,731,952 18,380,738 21,581,043 22,722,639 16,179,255
12,456,653 3,452,059 3,315,500 14,947,435 6,497,556
56,502,210 88,491,564 75,973,238 99,159,957 113,425,861
152,235,781 175,678,810 197,931,671 197,403,168 218,431,853
2,308,668 4,705,085 0 0 18,320,022
2,236,456 4,479,818 6,140,683 9,360,730 11,279,307
149,999,325 171,198,992 191,790,988 188,042,438 207,152,546
10,502,990 11,922,324 13,773,293 14,492,194 14,204,555
5,633,051 6,013,097 9,869,367 14,649,380 12,826,225
21,191,470 25,783,871 30,966,638 35,561,312 37,530,256
15,232,886 16,620,963 20,494,355 24,654,180 23,855,448
5,958,584 9,162,908 10,472,283 10,907,132 13,674,808
699,227 2,376,711 3,543,357 4,071,527 4,260,383
5,259,357 6,786,197 6,928,926 6,835,605 9,414,425
3,224,639 6,038,466 4,822,924 5,182,253 14,122,586
5,918,051 8,289,111 9,957,130 11,001,542 1,368,745
5,874,745 8,272,587 9,805,790 10,923,507 12,578,080
2,565,945 4,535,552 1,794,720 1,016,316 1,368,745
1,762,691 3,130,229 1,301,301 897,035 968,452
650,000 650,000 799,500 1,349,156 1,349,156
0.00% 0.15% 50.00% 8.00% 0.00%
0.30% 0.30% 12.50% 0.00% 0.00%
7,852,362 39,645,325 2,499,606 19,945,927 18,112,043
81,299,671 124,896,380 121,702,262 159,052,924 179,210,913
28.12% 35.54% 33.82% 30.67% 36.44%
2.16% 2.79% 3.00% 2.80% 3.32%
0.17 0.23 0.09 0.05 0.05
0.64% 0.95% 0.37% 0.23% 0.24%
1.17% 1.84% 1.38% 1.33% 3.43%
1.91% 2.06% 1.99% 1.76% 2.29%
71.88% 64.46% 66.18% 69.33% 63.56%
2.29 1.82 5.46 10.75 9.19
24.24% 26.05% 27.82% 27.00% 2.65%
1.82 1.37 2.03 2.11 0.89
2.71 4.82 1.63 0.66 0.72
14.72% 14.54% 15.55% 14.85% 13.94%
20.50% 26.91% 21.77% 25.49% 27.57%
54.41% 52.05% 54.96% 48.33% 50.34%
86.88% 83.06% 86.17% 83.47% 86.03%
95.56% 95.07% 95.12% 94.31% 94.58%
63.56% 64.31% 65.82% 60.78% 61.70%
61.41% 59.67% 62.95% 57.15% 59.40%
1.52% 2.68% 0.00% 0.00% 8.39%
5.16%
21.84% 34.18% 0.00% 0.00% 92.87%
31.26% 53.05% 57.70% 43.50% 37.77%
96.87% 95.21% 61.57%
3.84% 4.19% 4.19% 5.08% 4.79%
7.69 9.07 8.33 8.05 9.08
16.27 21.18 18.27 14.65 14.62
22.65 19.84 20.59 16.43 17.95
4.45 12.67 1.92 22.24 18.70
- - - -
- -
(Thousand Rupees) BANK ALFALAH LIMITED
41
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
1,991,646 3,154,623 5,181,372 4,702,433 4,734,004
2,000,000 3,200,000 5,279,679 5,279,679 5,279,679
0 0 0 0 9,310
(8,354) (45,377) (98,307) (577,246) (554,985)
11,241 690,103 10,449 37,860 32,382
2,021,787 10,602,747 13,896,779 29,546,478 40,269,317
23,830 84,998 353,646 485,608 563,020
50,000 70,000 245,939 156,160 353,000
1,778,008 9,934,282 12,477,955 27,987,378 38,198,320
169,949 513,467 819,239 917,332 1,154,977
4,024,674 14,447,473 19,088,600 34,286,771 45,035,703
338,222 1,433,166 2,175,413 4,217,515 3,035,148
790,709 2,577,491 2,207,490 2,059,550 569,622
412,131 625,037 40,351 4,018,813 4,513,132
493,008 3,864,027 5,019,525 6,813,191 13,732,132
960,134 3,992,240 6,687,460 13,531,861 16,999,097
0 78,371 186,093 788,665 741,680
1,001 29,373 159,929 249,709 328,972
959,133 3,962,867 6,527,531 13,282,152 16,670,125
441,428 1,093,324 1,910,648 2,395,304 2,066,680
590,043 891,561 1,207,642 1,500,246 4,448,864
100,008 602,060 1,468,688 2,193,891 3,806,209
18,665 303,842 729,528 1,222,169 2,057,533
81,343 298,218 739,160 971,722 1,748,676
1,001 28,372 130,556 111,198 7,424
80,342 269,846 608,604 860,524 1,756,100
44,547 140,281 196,139 342,687 207,104
159,288 510,590 229,152 562,909 1,918,661
145,526 491,172 1,028,232 1,755,503 1,895,476
(34,399) (100,463) (229,152) (562,909) 44,543
(8,354) (37,023) (52,930) (478,939) 46,550
200,000 320,000 527,968 527,968 527,968
0.00% 0.00% 23.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
(73,431) 5,921,777 1,109,403 4,475,857 4,267,673
644,260 6,541,611 1,751,914 1,439,984 4,467,998
81.34% 49.53% 50.33% 44.29% 45.94%
2.02% 2.06% 3.87% 2.83% 3.88%
0.00 -0.01 -0.01 -0.10 0.01
-0.21% -0.26% -0.28% -1.40% 0.10%
1.11% 0.97% 1.03% 1.00% 0.46%
2.00% 1.87% 3.19% 2.51% 3.90%
18.66% 50.47% 49.67% 55.71% 54.06%
-4.23 -4.89 -4.49 -3.12 42.55
110.19% 68.78% 13.76% 22.19% 47.81%
3.27 3.50 5.24 5.12 9.15
-0.04 -0.12 -0.10 -0.91 0.09
28.05% 27.76% 22.96% 18.31% 8.00%
12.25% 26.75% 26.30% 19.87% 30.49%
23.83% 27.43% 34.20% 38.74% 37.02%
44.18% 68.76% 65.37% 81.63% 84.82%
50.23% 73.39% 72.80% 86.17% 89.42%
54.00% 40.19% 53.59% 48.35% 44.50%
52.52% 39.91% 52.56% 48.08% 44.09%
0.00% 1.96% 2.78% 5.83% 4.36%
1.94%
0.00% 2.48% 3.59% 16.77% 15.67%
100.00% 96.59% 81.63% 44.53% 2.26%
37.48% 85.94% 31.66% 44.35%
49.49% 21.84% 27.14% 13.72% 10.51%
0.32 2.07 0.34 0.31 0.94
9.96 9.86 9.81 8.91 8.97
0.89 3.15 2.41 5.95 8.07
8.79 -159.95 -20.96 -9.35 91.68
- - - -
-
(Thousand Rupees) BANK ISLAMI PAKISTAN LIMITED
42
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
3,652,231 4,085,091 4,801,589 4,266,067
3,601,200 4,001,333 5,010,458 5,010,458
10,206 16,751 16,751 16,751
40,825 67,007 (225,620) (761,142)
13,657 (10,281) 40,191 59,916
3,184,646 5,491,900 8,224,128 13,349,703
80,243 20,138 58,263 86,867
0 50,704 1,094,375 287,291
2,888,762 5,063,393 6,784,750 12,636,083
215,641 357,665 286,740 339,462
6,850,534 9,566,710 13,065,908 17,675,686
380,381 418,948 675,988 1,324,461
187,747 255,703 577,349 400,468
725,022 250,040 2,856,052 2,679,753
1,318,657 2,045,146 2,861,751 5,050,878
3,725,609 5,645,609 5,001,443 6,236,849
0 50,000 731,740 1,153,118
1,857 5,732 237,821 620,647
3,723,752 5,639,877 4,763,622 5,616,202
299,404 417,364 600,626 646,645
215,571 539,632 730,520 1,957,279
249,763 855,374 1,131,873 1,263,461
57,906 403,500 650,752 726,325
191,857 451,874 481,121 537,136
1,857 3,875 257,089 406,279
190,000 447,999 224,032 130,857
8,838 494,273 56,818 64,260
166,579 434,161 686,002 1,019,677
165,999 433,996 685,677 986,592
32,259 60,111 (405,152) (824,560)
51,031 32,727 (292,627) (535,522)
360,120 400,133 501,046 501,046
0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00%
(1,296,457) 660,132 654,955 4,676,276
674,467 2,217,021 1,911,426 5,704,888
76.82% 52.83% 42.51% 42.51%
2.80% 4.72% 3.68% 3.04%
0.01 0.01 -0.06 -0.13
0.74% 0.34% -2.24% -3.03%
0.13% 5.17% 0.43% 0.36%
2.77% 4.68% 1.71% 0.74%
23.18% 47.17% 57.49% 57.49%
5.15 7.22 -1.69 -1.20
64.42% 32.17% 57.71% 76.80%
18.78 0.88 12.07 15.35
0.14 0.08 -0.58 -1.07
8.29% 7.05% 9.59% 9.76%
19.25% 21.38% 21.90% 28.58%
54.36% 58.95% 36.46% 31.77%
42.17% 52.93% 51.93% 71.49%
46.49% 57.41% 62.94% 75.53%
128.97% 111.50% 73.72% 49.36%
128.97% 110.39% 63.48% 48.26%
0.00% 0.89% 14.63% 18.49%
9.95%
0.00% 1.22% 15.24% 27.03%
100.00% 67.60% 108.10% 65.46%
11.46% 32.50% 53.82%
53.31% 42.70% 36.75% 24.14%
0.18 0.54 0.40 1.34
10.14 10.21 9.58 8.51
0.79 1.24 1.41 2.96
-25.41 20.17 -2.24 -8.73
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
- - - -
-
-
- -
-
-
-
-
-
(Thousand Rupees) BURJ BANK LIMITED
43
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
3,505,978 4,345,532 5,055,260 6,040,247 6,048,321
3,917,480 5,126,230 6,017,780 6,776,030 6,776,030
0 0 0 45,347 46,961
(411,502) (780,698) (962,520) (781,130) (774,670)
24,453 9,807 10,867 18 18
4,903,849 16,952,908 26,983,946 29,328,629 33,840,397
283,529 347,521 283,188 279,493 411,944
0 383 0 125,000 950,000
4,322,621 16,114,461 25,458,910 27,980,906 31,414,908
297,699 490,543 1,241,848 943,230 1,063,545
8,434,280 21,308,247 32,050,073 35,368,894 39,888,736
719,833 1,992,425 2,691,572 2,932,264 3,197,884
1,701,360 1,410,884 3,273,878 2,430,437 3,455,665
0 0 1,329,832 2,591,905 1,020,725
832,925 2,974,087 3,019,266 2,822,723 5,945,370
3,273,957 11,347,979 18,330,344 20,961,592 23,318,157
0 25,665 286,024 719,088 1,858,799
0 100,766 256,843 371,979 553,203
3,273,957 11,247,213 18,073,501 20,589,613 22,764,954
661,529 1,459,578 1,740,923 1,727,298 1,703,588
1,244,676 2,224,060 1,921,101 2,274,654 1,800,550
156,811 1,119,716 2,723,796 3,647,145 4,071,552
30,310 469,302 1,377,542 1,805,943 2,129,570
126,501 650,414 1,346,254 1,841,202 1,941,982
0 100,766 156,077 115,136 181,224
126,501 549,648 1,190,177 1,726,066 1,760,758
33,947 336,410 335,552 365,353 366,335
793,529 1,453,906 271,806 1,739,369 2,109,362
764,021 1,411,526 1,791,282 1,724,467 2,095,563
(633,081) (567,848) (271,806) 352,050 (9,657)
(411,502) (369,196) (181,822) 226,737 8,074
350,598 434,553 601,778 677,603 677,603
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
361,796 2,848,560 2,523,494 (1,285,767) 4,676,276
3,030,071 11,012,116 21,322,168 17,830,878 5,704,888
80.67% 58.09% 49.43% 50.48% 47.70%
1.50% 3.05% 4.20% 5.21% 4.87%
-0.12 -0.08 -0.04 0.04 0.00
-4.88% -1.73% -0.57% 0.64% 0.02%
0.40% 1.58% 1.05% 1.03% 0.92%
1.50% 2.58% 3.71% 4.88% 4.41%
19.33% 41.91% 50.57% 49.52% 52.30%
-1.21 -2.49 -6.59 4.90 -217.00
415.99% 99.85% 8.88% 43.35% 47.53%
22.51 4.20 5.34 4.72 5.72
-1.17 -0.85 -0.30 0.33 0.01
28.71% 15.97% 18.61% 15.16% 16.68%
9.88% 13.96% 9.42% 7.98% 14.90%
38.82% 52.78% 56.39% 58.21% 57.07%
51.25% 75.63% 79.43% 79.11% 78.76%
58.14% 79.56% 84.19% 82.92% 84.84%
75.74% 70.42% 72.00% 74.91% 74.23%
75.74% 70.42% 72.00% 74.58% 72.05%
0.00% 0.23% 1.56% 3.43% 7.97%
2.37%
0.00% 0.59% 5.66% 11.90% 30.73%
100.00% 60.77% 30.95% 32.76%
392.62% 89.80% 51.73% 29.76%
41.57% 20.39% 15.77% 17.08% 15.16%
0.86 2.53 4.22 2.95 0.94
10.00 10.00 8.40 8.91 8.93
1.23 3.71 5.04 4.63 5.19
-0.88 -7.72 -13.88 -5.67 579.18
- - - -
-
-
(Thousand Rupees) DUBAI ISLAMIC BANK PAKISTAN LIMITED
44
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
9,132,327 10,345,146 10,135,987 11,336,146 16,614,625
4,237,157 5,296,445 5,296,445 6,090,911 7,309,094
3,079,527 3,567,033 3,790,023 4,030,056 7,354,688
1,815,643 1,481,668 1,049,519 1,215,179 1,950,843
4,664,307 5,811,357 636,121 1,446,593 (96,855)
101,673,767 125,120,918 127,469,378 168,082,674 250,803,153
4,516,125 2,406,927 1,536,517 1,465,451 3,218,859
14,965,037 9,995,855 13,027,468 34,985,766 34,635,904
74,413,641 102,067,422 102,776,793 123,655,188 195,315,204
7,778,964 10,650,714 10,128,600 7,976,269 17,633,186
115,470,401 141,277,421 138,241,486 180,865,413 267,320,923
7,207,998 6,872,032 8,927,524 8,427,202 17,428,924
2,883,040 3,708,451 876,780 508,795 5,727,909
4,608,205 7,078,102 2,861,401 15,017,826 0
22,525,358 31,553,108 36,152,537 56,531,338 86,418,549
76,204,018 91,016,278 88,620,641 98,384,470 151,206,409
3,535,193 4,753,415 7,446,481 10,671,030 24,707,758
1,815,374 3,669,877 5,108,573 7,038,469 17,499,640
74,388,644 87,346,401 83,512,068 91,346,001 133,706,769
2,239,392 2,514,959 2,646,978 2,787,617 8,726,406
1,617,764 2,204,368 3,264,198 6,246,634 15,312,366
9,278,046 11,610,781 13,404,132 16,957,875 19,710,460
6,089,255 7,459,392 8,454,755 11,967,885 13,919,256
3,188,791 4,151,389 4,949,377 4,989,990 5,791,204
621,607 2,079,044 2,047,362 2,191,883 2,201,824
3,017,184 2,072,345 2,902,015 2,798,107 3,589,380
2,752,597 3,441,145 5,212,608 2,813,065 4,012,338
1,899,441 2,815,663 1,796,537 4,310,671 6,774,664
1,866,584 2,799,747 3,257,843 4,284,086 6,644,072
3,870,340 2,697,827 1,796,537 1,300,501 827,054
2,816,572 2,272,108 1,114,952 1,200,159 1,190,329
423,716 529,644 529,645 609,091 730,909
0.50% 0.25% 15.00% 0.00% 0.00%
0.00% 0.25% 0.00% 0.00% 0.20%
(739,060) 7,262,087 1,882,246 3,981,449 8,881,898
64,986,645 50,562,981 51,941,751 79,757,936 164,784,857
34.37% 35.75% 36.92% 29.43% 29.38%
2.76% 2.94% 3.58% 2.76% 2.17%
0.31 0.22 0.11 0.11 0.07
2.44% 1.61% 0.81% 0.66% 0.45%
2.38% 2.44% 3.77% 1.56% 1.50%
2.61% 1.47% 2.10% 1.55% 1.34%
65.63% 64.25% 63.08% 70.57% 70.62%
0.48 1.04 1.81 3.29 8.03
15.79% 18.71% 9.65% 21.80% 28.56%
0.68 0.81 0.62 1.52 1.66
6.65 4.29 2.11 1.97 1.63
8.74% 7.49% 7.09% 4.94% 8.66%
19.51% 22.33% 26.15% 31.26% 32.33%
64.42% 61.83% 60.41% 50.50% 50.02%
64.44% 72.25% 74.35% 68.37% 73.06%
88.05% 88.56% 92.21% 92.93% 93.82%
102.41% 89.17% 86.23% 79.56% 77.42%
85.26% 81.22% 76.53% 62.02% 65.76%
4.64% 5.22% 8.40% 10.85% 16.34%
11.57%
38.71% 45.95% 73.47% 94.13% 148.71%
34.24% 56.65% 40.08% 31.14% 12.58%
51.35% 77.21% 68.60% 65.96% 70.83%
7.91% 7.32% 7.33% 6.27% 6.22%
7.12 4.89 5.12 7.04 9.92
21.55 19.53 19.14 18.61 22.73
8.15 9.87 10.14 10.91 11.76
-0.26 3.20 1.69 3.32 7.46
- - - -
(Thousand Rupees) FAYSAL BANK LIMITED
45
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
42,999,412 50,741,564 61,290,814 71,235,347 81,811,716
6,900,000 6,900,000 7,590,000 9,108,000 10,018,800
16,817,472 18,628,584 22,882,318 25,801,889 27,671,813
19,281,940 25,212,980 30,818,496 36,325,458 44,121,103
7,346,389 7,202,391 3,753,597 7,860,200 7,713,023
513,574,383 597,894,901 652,237,599 741,885,800 797,527,672
9,347,609 15,379,440 9,781,077 10,041,203 9,774,749
49,980,794 52,218,228 44,022,676 48,121,649 37,430,333
439,724,335 508,986,541 572,399,187 653,452,460 721,069,137
14,521,645 21,310,692 26,034,659 30,270,488 29,253,453
563,920,184 655,838,856 717,282,010 820,981,347 887,052,411
46,244,803 55,361,813 56,359,367 79,527,191 81,516,883
23,532,165 19,558,051 32,720,391 29,560,309 35,990,301
6,550,128 1,628,130 6,193,787 5,352,873 30,339,344
115,822,511 171,932,281 127,786,754 209,421,147 245,016,986
354,798,019 380,751,226 460,244,672 463,385,462 473,417,778
26,921,974 24,588,571 36,086,044 42,309,377 46,677,077
18,812,561 18,490,698 24,536,012 31,101,874 38,419,218
335,985,458 362,260,528 435,708,660 432,283,588 434,998,560
11,802,870 13,582,240 33,490,506 40,187,710 15,876,545
23,982,249 31,515,813 25,022,545 24,648,529 43,313,792
42,152,520 48,342,047 61,157,813 74,751,375 79,999,852
12,504,236 18,001,496 25,523,572 33,088,536 34,090,368
29,648,284 30,340,551 35,634,241 41,662,839 45,909,484
2,801,858 8,020,766 9,295,235 9,612,138 7,979,626
26,846,326 22,319,785 26,339,006 32,050,701 37,929,858
7,670,361 7,971,990 10,336,517 9,942,612 11,049,504
16,489,993 17,164,773 20,820,329 22,507,572 23,922,081
16,312,585 17,355,732 20,253,578 21,733,407 23,053,860
18,026,964 13,127,002 5,855,194 1,948,574 25,057,281
12,050,349 8,041,416 10,000,980 12,298,643 15,613,054
690,000 690,000 759,000 910,800 1,001,880
0.00% 0.40% 55.00% 60.00% 0.65%
0.00% 0.10% 20.00% 10.00% 0.10%
15,490,934 14,210,526 (21,380,958) 102,186,246 50,095,836
297,312,055 352,277,094 296,820,275 358,083,924 253,403,791
70.34% 62.76% 58.27% 55.74% 57.39%
5.26% 4.63% 4.97% 5.07% 5.18%
0.28 0.16 0.16 0.17 0.19
2.14% 1.23% 1.39% 1.50% 1.76%
1.36% 1.22% 1.44% 1.21% 1.25%
4.76% 3.40% 3.67% 3.90% 4.28%
29.66% 37.24% 41.73% 44.26% 42.61%
0.90 1.32 3.46 11.15 0.92
33.10% 30.48% 29.12% 26.58% 26.27%
2.13 2.18 1.96 2.19 2.09
17.46 11.65 13.18 13.50 15.58
12.37% 11.42% 12.42% 13.29% 13.25%
20.54% 26.22% 17.82% 25.51% 27.62%
59.58% 55.24% 60.74% 52.65% 49.04%
77.98% 77.61% 79.80% 79.59% 81.29%
91.07% 91.16% 90.93% 90.37% 89.91%
80.69% 74.81% 80.41% 70.91% 65.65%
72.45% 67.85% 74.66% 66.05% 62.42%
7.59% 6.46% 7.84% 9.13% 9.86%
8.12%
62.61% 48.46% 58.88% 59.39% 57.05%
14.89% 43.38% 37.88% 30.91% 20.77%
69.88% 75.20% 67.99% 73.51% 82.31%
7.63% 7.74% 8.54% 8.68% 9.22%
6.91 6.94 4.84 5.03 3.10
62.32 73.54 80.75 78.21 81.66
10.23 10.03 9.34 9.17 8.81
1.29 1.77 -2.14 8.31 3.21
- - - -
(Thousand Rupees) HABIB BANK LIMITED
46
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
10,665,238 13,462,244 16,149,648 18,889,142 20,954,427
3,005,000 5,018,350 6,022,020 7,527,525 8,731,929
5,824,936 6,383,936 7,039,936 7,587,835 8,151,443
1,835,302 2,059,958 3,087,692 3,773,782 4,071,055
202,874 55,948 (1,144,998) (148,629) (646,294)
137,800,283 159,348,809 167,706,203 218,671,717 231,902,519
1,619,796 3,210,041 2,372,146 3,111,467 2,572,954
29,518,458 29,991,633 30,372,598 68,186,674 62,529,729
102,492,712 121,066,469 128,432,616 142,457,376 160,457,975
4,169,317 5,080,666 6,528,843 4,916,200 6,341,861
148,668,395 172,867,001 182,710,853 237,412,230 252,210,652
11,348,162 10,201,545 11,401,384 11,192,498 13,923,393
6,296,564 3,691,183 2,974,237 4,836,399 3,123,094
5,447,110 3,989,249 98,176 150,000 3,190,399
39,555,569 61,735,796 53,631,532 111,679,520 100,993,820
84,142,094 91,044,061 110,391,364 106,922,608 127,350,007
443,248 804,247 1,747,599 6,364,665 7,463,452
818,035 1,217,255 2,130,105 4,629,476 7,522,371
83,324,059 89,826,806 108,261,259 102,293,132 119,827,636
649,122 1,294,486 1,583,360 2,431,227 3,352,702
2,047,809 2,127,936 4,760,905 4,829,454 7,799,608
7,289,123 11,983,551 15,870,172 21,376,259 23,380,314
4,416,477 8,259,184 10,919,922 14,665,453 16,433,491
2,872,646 3,724,367 4,950,250 6,710,806 6,946,823
108,381 442,160 1,249,820 2,569,646 3,041,548
2,764,265 3,282,207 3,700,430 4,141,160 3,905,275
1,728,631 3,175,706 3,928,506 3,702,329 4,429,070
1,350,098 2,254,015 3,233,784 3,629,847 4,308,010
1,348,921 2,253,559 3,086,634 3,523,721 4,172,840
3,142,798 4,203,898 4,740,110 4,213,642 4,026,335
2,095,889 2,797,006 3,277,377 2,739,494 2,818,038
300,500 501,835 602,202 752,753 873,193
0.00% 0.10% 0.00% 10.00% 0.00%
0.00% 0.87% 25.00% 16.00% 0.20%
25,199,751 19,073,676 (6,265,387) 58,192,618 (6,943,837)
74,381,709 97,951,953 80,361,851 116,806,754 200,438,547
39.41% 31.08% 31.19% 31.39% 29.71%
1.93% 2.15% 2.71% 2.83% 2.75%
0.20 0.21 0.20 0.15 0.13
1.41% 1.62% 1.79% 1.15% 1.12%
1.16% 1.84% 2.15% 1.56% 1.76%
1.86% 1.90% 2.03% 1.74% 1.55%
60.59% 68.92% 68.81% 68.61% 70.29%
0.43 0.54 0.65 0.84 1.04
14.97% 14.87% 16.33% 14.47% 15.49%
0.78 0.71 0.79 0.95 0.94
6.97 5.57 5.44 3.64 3.23
11.87% 8.04% 7.87% 6.75% 6.76%
26.61% 35.71% 29.35% 47.04% 40.04%
56.05% 51.96% 59.25% 43.09% 47.51%
68.94% 70.03% 70.29% 60.00% 63.62%
92.69% 92.18% 91.79% 92.11% 91.95%
82.10% 75.20% 85.95% 75.06% 79.37%
63.74% 60.27% 69.51% 50.76% 57.11%
0.53% 0.88% 1.58% 5.95% 5.86%
5.91%
4.16% 5.97% 10.82% 33.69% 35.62%
13.25% 36.32% 58.67% 55.51% 40.43%
184.55% 151.35% 121.89% 72.74% 100.79%
7.17% 7.79% 8.84% 7.96% 8.31%
6.97 7.28 4.98 6.18 9.57
35.49 26.83 26.82 25.09 24.00
9.61 8.99 7.95 7.54 7.66
12.02 6.82 -1.91 21.24 -2.46
- - - -
(Thousand Rupees) HABIB METROPOLITAN BANK LIMITED
47
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
3,003,808 5,141,351 5,784,628 5,622,453 7,237,084
3,004,225 5,106,337 5,694,844 6,127,605 8,149,715
0 7,086 18,040 18,040 18,040
(417) 27,928 71,744 (523,192) (930,671)
0 52,456 (508,791) 32,106 (1,398,798)
9,541,647 15,133,945 16,351,965 27,240,361 33,545,361
610,623 727,179 127,922 320,492 369,620
800,005 481,147 537,655 5,039,635 5,524,410
7,198,149 13,679,898 15,294,273 21,313,791 26,276,328
932,870 245,721 392,115 566,443 1,375,003
12,545,455 20,327,752 21,627,802 32,894,920 39,383,647
1,912,648 977,235 1,285,247 1,764,403 2,298,806
1,463,280 254,079 672,271 1,820,857 917,802
2,825,912 3,601,211 1,405,210 3,482,564 3,643,360
2,582,096 6,109,536 5,138,709 9,535,555 13,701,699
1,801,530 6,593,635 9,810,093 12,167,220 14,505,537
108,699 143,604 455,504 857,059 1,902,566
108,699 117,672 129,644 477,567 527,424
1,692,831 6,475,963 9,680,449 11,689,653 13,978,113
379,584 491,736 2,496,883 3,039,329 2,882,941
1,689,104 2,417,992 949,033 1,562,559 1,960,926
2,050 1,130,383 1,975,203 2,527,295 3,299,767
1,554 864,300 1,361,738 1,806,709 2,255,014
496 266,083 613,465 720,586 1,044,753
0 9,727 11,218 772,688 136,484
496 256,356 602,247 (52,102) 908,269
101 418,340 492,345 339,470 332,974
1,003 736,917 983,367 1,736,161 1,863,793
1,003 736,263 982,624 1,734,815 1,846,840
(11) 97,625 111,225 (1,448,793) (622,550)
(417) 35,431 54,770 (594,936) (407,479)
300,423 510,634 569,484 612,761 814,972
0.00% 0.00% 20.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
(275,870) (660,884) 403,176 6,015,819 1,760,620
5,083,060 3,853,683 1,260,563 10,400,433 7,898,774
24.20% 23.54% 31.06% 28.51% 31.66%
0.00% 1.31% 2.84% 2.19% 2.65%
0.00 0.01 0.01 -0.11 -0.06
0.00% 0.17% 0.25% -1.81% -1.03%
0.00% 2.06% 2.28% 1.03% 0.85%
0.00% 1.26% 2.78% -0.16% 2.31%
75.80% 76.46% 68.94% 71.49% 68.34%
-91.18 7.54 8.83 -1.20 -2.97
46.63% 47.58% 39.85% 60.56% 51.31%
9.93 1.76 2.00 5.11 5.55
0.00 0.07 0.10 -0.97 -0.50
26.91% 6.06% 9.05% 10.90% 8.17%
20.58% 30.06% 23.76% 28.99% 34.79%
13.49% 31.86% 44.76% 35.54% 35.49%
57.38% 67.30% 70.72% 64.79% 66.72%
76.06% 74.45% 75.61% 82.81% 85.18%
25.03% 48.20% 64.14% 57.09% 55.20%
22.52% 46.56% 61.96% 46.17% 45.61%
6.03% 2.18% 4.64% 7.04% 13.12%
3.64%
3.62% 2.79% 7.87% 15.24% 26.29%
0.00% 8.27% 8.65% 161.80% 25.88%
100.00% 81.94% 28.46% 55.72% 27.72%
23.94% 25.29% 26.75% 17.09% 18.38%
1.69 0.75 0.22 1.85 1.09
10.00 10.07 10.16 9.18 8.88
2.40 2.66 2.64 3.79 3.63
661.56 -18.65 7.36 -10.11 -4.32
- - - -
(Thousand Rupees) JS BANK
48
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
2,241,299 3,250,768 3,191,389 4,480,081 1,806,752
2,292,707 3,106,978 4,014,890 9,508,617 9,508,617
111,748 151,287 151,287 151,287 151,287
(163,156) (7,497) (974,788) (5,179,823) (7,853,152)
(112,502) 1,033,224 6,008,118 478,789 375,705
24,409,938 36,606,580 42,599,591 54,264,188 54,247,026
199,670 879,152 217,520 386,066 541,041
2,176,032 1,745,807 6,300,622 8,196,640 6,138,207
21,275,570 33,131,773 35,087,477 43,899,695 46,274,187
758,666 849,848 993,972 1,781,787 1,293,591
26,538,735 40,890,572 51,799,098 59,223,058 56,429,483
2,305,082 3,001,895 1,507,632 2,851,665 3,272,520
799,731 807,555 59,093 185,896 199,276
2,305,232 1,766,398 556,455 2,815,159 40,000
5,094,312 7,277,875 9,454,149 15,129,090 13,052,504
14,807,779 26,046,768 35,164,850 33,636,057 34,837,999
1,016,710 1,069,872 7,354,408 6,245,779 9,616,599
695,061 903,615 2,924,654 4,137,305 5,310,301
14,112,718 25,143,153 32,240,196 29,498,752 29,527,698
673,064 1,094,748 2,909,213 3,298,720 3,379,130
1,248,596 1,798,948 5,072,360 5,443,776 6,958,355
1,790,347 2,917,344 4,861,400 5,061,633 5,017,060
1,429,045 2,285,381 4,448,440 5,490,397 5,064,141
361,302 631,963 412,960 (428,764) (47,081)
41,287 212,976 2,223,938 2,512,373 1,535,324
320,015 418,987 (1,810,978) (2,941,137) 1,582,405
592,947 821,479 615,591 555,032 623,113
860,167 1,174,904 1,787,364 2,414,518 2,496,083
853,523 1,153,736 1,759,032 2,379,347 2,495,158
52,795 65,562 (1,849,199) (5,943,304) (3,455,375)
137,347 197,693 (972,969) (4,227,748) (2,710,669)
229,270 310,698 401,489 950,862 950,862
0.00% 0.00% 0.00% 26.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
2,625,399 1,200,499 (3,436,371) 9,132,412 (852,700)
8,369,812 10,375,250 14,966,219 18,276,636 21,047,073
20.18% 21.66% 8.49% -8.47% -0.94%
1.36% 1.55% 0.80% -0.72% -0.08%
0.06 0.06 -0.30 -0.94 -1.50
0.52% 0.48% -1.88% -7.14% -4.80%
2.23% 2.01% 1.19% 0.94% 1.10%
1.21% 1.02% -3.50% -4.97% 2.80%
79.82% 78.34% 91.51% 108.47% 100.94%
16.17 17.60 -0.95 -0.40 -0.72
36.09% 31.42% 32.63% 42.99% 44.26%
1.44 1.40 2.86 4.29 4.00
0.60 0.64 -2.42 -4.45 -2.85
11.70% 9.32% 3.02% 5.13% 6.15%
19.20% 17.80% 18.25% 25.55% 23.13%
53.18% 61.49% 62.24% 49.81% 52.33%
80.17% 81.03% 67.74% 74.13% 82.00%
91.98% 89.52% 82.24% 91.63% 96.13%
69.60% 78.62% 100.22% 76.62% 75.29%
63.14% 74.68% 84.96% 64.57% 66.47%
6.87% 4.11% 20.91% 18.57% 27.60%
15.24%
45.36% 32.91% 230.45% 139.41% 532.26%
5.94% 23.57% 76.04% 60.72% 28.91%
68.36% 84.46% 39.77% 66.24% 55.22%
8.45% 7.95% 6.16% 7.56% 3.20%
3.73 3.19 4.69 4.08 11.65
9.78 10.46 7.95 4.71 1.90
9.49 10.19 10.99 9.80 25.61
19.12 6.07 3.53 -2.16 0.31
- - - -
(Thousand Rupees) KASB BANK LIMITED
49
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
35,656,675 45,414,156 52,244,865 61,075,932 69,180,011
5,463,276 6,282,768 6,282,768 6,911,045 7,602,150
24,662,426 34,000,638 36,768,765 38,385,760 40,162,906
5,530,973 5,130,750 9,193,332 15,779,127 21,414,955
5,187,639 9,705,519 6,191,189 8,664,081 10,024,198
301,263,929 355,365,842 385,179,850 439,483,714 488,348,404
7,089,679 10,479,058 10,551,468 8,201,090 10,265,537
23,943,476 39,406,831 22,663,840 44,662,088 25,684,593
257,461,838 292,098,066 330,181,624 367,604,711 431,371,937
12,768,936 13,381,887 21,782,918 19,015,825 21,026,337
342,108,243 410,485,517 443,615,904 509,223,727 567,552,613
32,465,976 39,683,883 39,631,172 38,774,871 45,407,183
6,577,017 3,807,519 4,043,100 6,009,993 1,478,569
21,081,800 1,051,372 4,100,079 3,000,000 4,401,781
63,486,316 113,089,261 96,631,874 167,134,465 213,060,882
206,847,499 229,732,772 272,847,325 269,722,176 274,143,924
8,570,813 10,725,308 56,462 70,923 24,543,807
8,608,344 10,772,174 10,711,855 16,472,769 19,592,335
198,239,155 218,960,598 262,135,470 253,249,407 254,551,589
9,054,156 16,024,123 17,263,733 18,014,896 20,947,540
11,203,823 17,868,761 19,810,476 23,040,095 27,705,069
25,778,061 31,786,595 40,043,824 51,616,007 54,821,296
4,525,359 7,865,533 11,560,740 15,841,463 17,987,767
21,252,702 23,921,062 28,483,084 35,774,544 36,833,529
1,182,737 3,065,051 4,019,121 7,322,321 3,597,117
20,069,965 20,856,011 24,463,963 28,452,223 33,236,412
4,991,416 6,011,291 5,791,440 5,642,885 6,265,306
6,560,711 5,559,267 8,387,837 10,940,163 13,248,643
6,482,592 5,022,416 7,546,878 10,107,189 12,173,942
18,500,670 21,308,035 21,867,566 23,154,945 26,253,075
12,142,398 15,265,562 15,374,600 15,495,297 16,873,175
546,328 628,277 628,276 691,105 760,215
0.75% 1.25% 115.00% 110.00% 1.15%
0.15% 0.00% 10.00% 10.00% 0.10%
3,541,222 61,899,299 2,031,538 78,148,082 58,701,161
160,843,008 213,317,107 392,959,678 376,583,024 136,245,597
82.44% 75.26% 71.13% 69.31% 67.19%
6.21% 5.83% 6.42% 7.03% 6.49%
0.34 0.34 0.29 0.25 0.24
3.55% 3.72% 3.47% 3.04% 2.97%
1.46% 1.46% 1.31% 1.11% 1.10%
5.87% 5.08% 5.51% 5.59% 5.86%
17.56% 24.74% 28.87% 30.69% 32.81%
0.35 0.24 0.35 0.44 0.46
21.32% 14.71% 18.30% 19.11% 21.69%
1.30 0.84 1.30 1.79 1.94
22.23 24.30 24.47 22.42 22.20
11.41% 10.60% 9.85% 8.79% 8.26%
18.56% 27.55% 21.78% 32.82% 37.54%
57.95% 53.34% 59.09% 49.73% 44.85%
75.26% 71.16% 74.43% 72.19% 76.01%
88.06% 86.57% 86.83% 86.30% 86.04%
80.34% 78.65% 82.64% 73.37% 63.55%
73.51% 69.30% 77.33% 65.42% 59.98%
4.14% 4.67% 0.02% 0.03% 8.95%
7.15%
24.04% 23.62% 0.11% 0.12% 35.48%
13.74% 28.45% 37.52% 44.45% 18.36%
100.44% 100.44% 18,971.80% 23,226.27% 79.83%
10.42% 11.06% 11.78% 11.99% 12.19%
4.51 4.70 7.52 6.17 1.97
65.27 72.28 83.16 88.37 91.00
7.22 6.43 6.32 6.02 6.24
0.29 4.05 0.13 5.04 3.48
- - - -
(Thousand Rupees) MCB BANK LIMITED
50
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
4,756,409 5,719,910 6,341,097 9,090,535 10,740,123
3,779,897 3,779,897 4,925,961 6,650,048 6,982,550
528,085 720,785 845,022 1,050,092 1,380,010
448,427 1,219,228 570,114 1,390,395 2,377,563
6,950 (13,254) (366,119) 93,924 339,868
41,675,264 61,471,903 79,301,092 114,997,275 143,672,434
563,228 1,192,160 1,057,017 1,249,210 1,767,370
428,212 2,415,606 4,008,496 8,468,425 5,829,296
34,449,441 54,582,353 70,233,875 100,333,051 131,070,328
6,234,383 3,281,784 4,001,704 4,946,589 5,005,440
46,438,623 67,178,559 85,276,070 124,181,734 154,752,425
5,897,394 5,644,028 5,763,710 8,387,432 12,780,806
4,134,875 3,729,549 1,344,974 5,260,467 9,939,660
3,700,000 8,850,000 18,108,000 34,499,500 10,511,855
2,877,554 10,535,186 14,526,699 23,290,309 54,966,907
27,269,271 35,249,612 40,626,920 46,716,610 58,046,309
408,442 553,339 3,649,163 2,060,108 4,318,323
238,255 673,273 1,098,189 2,528,544 3,851,146
27,031,016 34,576,339 39,528,731 44,188,066 54,195,163
531,262 1,032,963 1,880,515 2,416,375 3,066,100
2,266,522 2,810,494 4,123,441 6,139,585 9,291,934
2,704,280 4,573,752 6,803,213 10,102,060 12,290,549
1,464,173 2,451,968 3,088,334 4,969,916 6,606,474
1,240,107 2,121,784 3,714,879 5,132,144 5,684,075
122,878 435,896 717,320 1,519,176 1,496,476
1,117,229 1,685,888 2,997,559 3,612,968 4,187,599
690,561 1,347,893 707,908 1,597,804 2,475,030
1,027,767 1,764,593 2,713,156 3,471,049 4,535,669
1,022,991 1,755,761 2,626,606 3,530,161 4,460,804
780,023 1,269,188 992,311 1,739,723 2,126,960
604,251 963,501 621,187 1,025,351 1,649,588
377,990 377,990 492,596 665,005 698,255
0.00% 0.00% 0.00% 35.00% 0.00%
0.10% 0.20% 9.00% 5.00% 0.15%
3,485,231 7,465,000 3,320,190 13,966,350 41,257,569
36,504,507 56,113,028 56,411,095 73,034,851 108,236,057
45.86% 46.39% 54.60% 50.80% 46.25%
2.67% 3.16% 4.36% 4.13% 3.67%
0.13 0.17 0.10 0.11 0.15
1.30% 1.43% 0.73% 0.83% 1.07%
1.49% 2.01% 0.83% 1.29% 1.60%
2.41% 2.51% 3.52% 2.91% 2.71%
54.14% 53.61% 45.40% 49.20% 53.75%
1.31 1.38 2.65 2.03 2.10
30.27% 29.80% 36.12% 29.67% 30.72%
1.48 1.30 3.71 2.21 1.80
1.60 2.55 1.26 1.54 2.36
21.60% 13.95% 8.34% 10.99% 14.68%
6.20% 15.68% 17.03% 18.76% 35.52%
58.21% 51.47% 46.35% 35.58% 35.02%
74.18% 81.25% 82.36% 80.80% 84.70%
89.74% 91.51% 92.99% 92.60% 92.84%
79.16% 64.58% 57.85% 46.56% 44.29%
78.19% 61.84% 54.72% 42.94% 42.40%
1.50% 1.57% 8.98% 4.41% 7.44%
6.63%
8.59% 9.67% 57.55% 22.66% 40.21%
51.57% 64.74% 65.32% 60.08% 38.86%
58.33% 121.67% 30.09% 122.74% 89.18%
10.24% 8.51% 7.44% 7.32% 6.94%
7.67 9.81 8.90 8.03 10.08
12.58 15.13 12.87 13.67 15.38
7.24 9.54 11.08 11.04 12.20
5.77 7.75 5.34 13.62 25.01
- - - -
(Thousand Rupees) MEEZAN BANK LIMITED
51
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
3,928,567 5,063,698 5,853,730 4,235,232 2,304,214
3,085,721 4,242,866 5,303,582 5,303,582 435,060
255,941 324,005 324,005 324,005 2,797,793
586,905 496,827 226,143 (1,392,355) (928,639)
885,259 878,622 289,338 869,632 3,586,269
21,475,891 34,659,293 33,659,935 30,385,841 9,355,390
225,322 895,616 273,286 330,759 21,777
1,624,470 2,796,478 4,600,431 2,550,386 5,250,000
19,169,226 30,153,164 28,032,735 26,848,808 3,820,343
456,873 814,035 753,483 655,888 263,270
26,289,717 40,601,613 39,803,003 35,490,705 15,245,873
1,993,815 2,613,835 1,862,545 2,073,321 814,147
722,089 280,497 566,725 433,055 1,709,436
4,780,887 1,567,626 1,748,761 35,000 0
2,711,220 11,601,143 10,294,970 10,037,950 799,673
13,893,523 21,768,983 23,026,782 21,149,136 7,385,647
1,011,020 1,184,684 7,102,598 7,679,502 3,430,614
406,684 977,232 2,086,701 3,720,713 1,605,894
13,486,839 20,791,751 20,940,081 17,428,423 5,779,753
2,036,225 2,080,341 2,414,783 2,321,845 3,700,872
558,642 1,666,420 1,975,138 3,161,111 2,441,992
1,685,810 2,907,075 3,640,787 3,368,218 1,553,750
865,668 2,208,225 2,829,578 2,881,902 965,655
820,142 698,850 811,209 486,316 588,095
37,772 651,101 1,583,670 1,933,811 158,452
782,370 47,749 (772,461) (1,447,495) 429,643
452,238 910,560 942,648 383,758 76,830
611,548 733,221 931,012 1,092,775 681,299
587,525 722,553 922,538 1,064,180 680,681
623,060 225,088 (760,825) (2,156,512) (174,826)
499,345 340,319 (350,293) (1,639,829) (179,626)
308,572 424,287 530,358 530,358 4,351
0.05% 0.00% 25.00% 0.00% 0.00%
0.00% 0.13% 0.00% 0.00% 0.00%
344,793 7,593,248 (1,902,601) (798,785) (2,135,260)
14,770,061 11,667,619 11,920,893 5,362,449 241,483
48.65% 24.04% 22.28% 14.44% 37.85%
3.12% 1.72% 2.04% 1.37% 3.86%
0.13 0.07 -0.06 -0.39 -0.08
1.90% 0.84% -0.88% -4.62% -1.18%
1.72% 2.24% 2.37% 1.08% 0.50%
2.98% 0.12% -1.94% -4.08% 2.82%
51.35% 75.96% 77.72% 85.56% 62.15%
0.94 3.21 -1.21 -0.49 -3.89
28.60% 19.21% 20.31% 29.13% 41.78%
1.30 0.79 0.98 2.77 8.86
1.62 0.80 -0.66 -3.09 -41.29
10.33% 7.13% 6.10% 7.06% 16.55%
10.31% 28.57% 25.86% 28.28% 5.25%
51.30% 51.21% 52.61% 49.11% 37.91%
72.92% 74.27% 70.43% 75.65% 25.06%
81.69% 85.36% 84.57% 85.62% 61.36%
72.48% 72.19% 82.14% 78.77% 193.32%
66.82% 66.07% 70.56% 71.94% 81.43%
7.28% 5.44% 30.84% 36.31% 46.45%
21.74%
25.74% 23.40% 121.33% 181.32% 148.88%
9.29% 66.63% 75.89% 51.97% 9.87%
40.23% 82.49% 29.38% 48.45% 46.81%
14.94% 12.47% 14.71% 11.93% 15.11%
3.76 2.30 2.04 1.27 0.10
12.73 11.93 11.04 7.99 529.63
4.88 5.95 4.79 6.34 1.66
0.69 22.31 5.43 0.49 11.89
- - - -
(Thousand Rupees) MyBANK LIMITED
52
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
4,374,405 22,594,386 29,006,672 41,643,272 7,309,686
3,361,522 22,017,968 28,437,271 40,437,271 40,437,271
719,810 719,810 8,326,684 8,464,894 8,464,894
293,073 (143,392) (7,757,283) (7,258,893) (41,592,479)
(47,833) 13,997,648 10,691,836 (115,027) 6,353,079
42,096,968 140,061,370 139,210,607 166,590,718 150,687,274
215,769 2,110,211 1,432,084 1,574,207 1,335,493
9,164,121 16,669,412 23,651,366 62,523,365 42,361,934
30,566,540 116,671,219 104,586,167 93,919,805 99,169,373
2,150,538 4,610,528 9,540,990 8,573,341 7,820,474
46,423,540 176,653,404 178,909,115 208,118,963 164,350,039
2,928,404 10,318,722 9,355,104 8,834,275 8,836,449
1,362,497 1,401,796 793,843 3,683,783 2,951,479
2,600,000 4,753,113 12,459,621 5,681,887 6,429,166
6,558,733 40,498,840 35,176,823 62,432,977 51,789,035
31,885,851 92,586,336 97,322,481 100,000,757 98,344,554
1,023,868 13,252,316 16,715,515 15,746,457 34,711,468
833,682 10,426,262 16,978,288 15,979,351 23,778,539
31,052,169 82,160,074 80,344,193 84,021,406 74,566,015
622,216 30,800,135 3,702,426 3,114,632 2,718,975
1,299,521 6,720,724 37,077,105 40,350,003 17,058,920
3,473,364 6,999,888 15,201,691 18,272,363 16,482,080
2,452,192 4,995,955 10,799,816 12,872,357 13,533,160
1,021,172 2,003,933 4,401,875 5,400,006 2,948,920
269,583 1,494,801 9,657,400 1,195,329 10,050,404
751,589 509,132 (5,255,525) 4,204,677 (7,101,484)
494,006 598,771 2,421,876 1,681,833 1,715,352
1,223,682 2,006,961 8,164,241 5,242,439 7,235,425
1,221,423 2,002,159 6,433,122 5,345,307 6,955,148
21,913 (571,207) (1,099,789) 644,071 (12,621,557)
117,858 (350,557) (7,474,679) 691,048 (10,112,114)
336,152 2,201,797 2,843,727 4,043,727 4,043,727
0.00% 0.00% 42.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
3,361,522 7,989,545 21,302,169 28,507,068 (18,017,973)
23,431,989 55,864,113 93,144,827 123,505,187 152,511,924
29.40% 28.63% 28.96% 29.55% 17.89%
2.20% 1.13% 2.46% 2.59% 1.79%
0.03 -0.02 -0.26 0.02 -1.38
0.25% -0.20% -4.18% 0.33% -6.15%
1.06% 0.34% 1.35% 0.81% 1.04%
1.62% 0.29% -2.94% 2.02% -4.32%
70.60% 71.37% 71.04% 70.45% 82.11%
55.74 -3.51 -5.85 8.30 -0.55
30.84% 26.41% 46.33% 26.27% 39.76%
2.47 3.34 2.66 3.18 4.05
0.35 -0.16 -2.63 0.17 -2.50
9.24% 6.63% 5.67% 6.01% 7.17%
14.13% 22.93% 19.66% 30.00% 31.51%
66.89% 46.51% 44.91% 40.37% 45.37%
65.84% 66.05% 58.46% 45.13% 60.34%
90.68% 79.29% 77.81% 80.05% 91.69%
104.32% 79.36% 93.05% 106.47% 99.17%
80.26% 69.44% 75.89% 63.92% 69.49%
3.21% 14.31% 17.18% 15.75% 35.30%
24.18%
23.41% 58.65% 57.63% 37.81% 474.87%
32.34% 14.34% 56.88% 7.48% 42.27%
81.42% 78.68% 101.57% 101.48% 68.50%
9.42% 12.79% 16.21% 20.01% 4.45%
5.36 2.47 3.21 2.97 20.86
13.01 10.26 10.20 10.30 1.81
6.99 5.16 3.61 2.26 13.57
28.52 -22.79 -2.85 41.25 1.78
- - - -
(Thousand Rupees) NIB BANK
53
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
1,592,533 6,218,641 5,476,330 4,883,277 7,936,255
2,769,517 8,769,517 8,769,517 8,769,517 14,334,734
43,080 43,080 43,080 43,080 43,080
(1,220,064) (2,593,956) (3,336,267) (3,929,320) (6,441,559)
(13,732) (16,483) (14,176) 2,192,383 (10,577)
6,599,875 14,453,144 11,025,182 16,658,466 22,585,442
50,626 1,056,878 55,349 78,127 115,759
442,469 182,611 437,949 3,141,284 6,534,994
5,577,641 12,644,938 9,859,537 12,520,633 14,871,806
529,139 568,717 672,347 918,422 1,062,883
8,178,676 20,655,302 16,487,336 23,734,126 30,511,120
782,781 1,003,611 774,575 961,280 1,250,011
132,037 63,348 331,201 707,912 1,195,948
493,473 8,565,836 2,313,308 3,123,377 1,389,003
2,228,268 3,947,925 3,829,354 5,807,829 11,090,905
4,013,454 7,105,438 8,605,889 12,343,360 14,747,321
2,530,413 2,410,997 1,961,143 2,726,295 2,711,299
1,618,436 2,412,325 2,442,881 2,619,949 2,609,535
2,395,018 4,693,113 6,163,008 9,723,411 12,137,786
846,259 854,292 1,157,689 1,112,169 1,001,413
1,300,840 1,527,177 1,918,201 2,298,148 2,446,054
483,218 1,182,921 1,758,004 1,878,626 2,384,653
551,936 837,869 1,071,307 1,208,857 1,350,320
(68,718) 345,052 686,697 669,769 1,034,333
135,222 924,777 312,528 239,511 17,599
(203,940) (579,725) 374,169 430,258 1,016,734
84,285 128,432 125,429 92,224 321,243
728,690 921,386 1,511,039 1,590,906 1,468,273
647,114 891,889 1,461,077 1,415,235 1,456,873
(848,345) (1,372,679) (1,011,441) (1,068,424) (130,296)
(587,635) (1,322,892) (742,311) (593,053) (10,702)
276,952 876,952 876,952 876,952 1,433,473
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
(333,326) (3,934,986) 4,073,848 6,840,004 5,087,251
840,122 2,089,651 30,569,856 14,557,877 17,205,195
-14.22% 29.17% 39.06% 35.65% 43.37%
-0.84% 1.67% 4.16% 2.82% 3.39%
-0.37 -0.21 -0.14 -0.12 0.00
-7.18% -6.40% -4.50% -2.50% -0.04%
1.03% 0.62% 0.76% 0.39% 1.05%
-2.49% -2.81% 2.27% 1.81% 3.33%
114.22% 70.83% 60.94% 64.35% 56.63%
-0.76 -0.65 -1.44 -1.32 -11.18
128.40% 70.26% 80.23% 80.72% 54.26%
7.68 6.94 11.65 15.35 4.54
-2.12 -1.51 -0.85 -0.68 -0.01
11.19% 5.17% 6.71% 7.03% 8.02%
27.24% 19.11% 23.23% 24.47% 36.35%
29.28% 22.72% 37.38% 40.97% 39.78%
68.20% 61.22% 59.80% 52.75% 48.74%
80.70% 69.97% 66.87% 70.19% 74.02%
71.96% 56.19% 87.28% 98.58% 99.16%
66.67% 55.39% 83.57% 78.81% 68.89%
63.05% 33.93% 22.79% 22.09% 18.39%
17.69%
158.89% 38.77% 35.81% 55.83% 34.16%
8.36% 38.34% 12.79% 9.14% 0.67%
63.96% 100.06% 124.56% 96.10% 96.25%
19.47% 30.11% 33.22% 20.57% 26.01%
0.53 0.34 5.58 2.98 2.17
5.75 7.09 6.24 5.57 5.54
3.50 2.03 1.80 2.56 1.87
0.57 2.97 -5.49 -11.53 -475.36
- - - -
(Thousand Rupees) SAMBA BANK LIMITED
54
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
2,985,330 1,100,769 3,089,997 196,905 18,101,759
3,847,500 5,001,750 9,003,150 9,003,150 26,716,048
218,556 218,556 218,556 224,649 0
(1,080,726) (4,119,537) (6,131,709) (9,030,894) (8,614,289)
1,012,709 1,079,670 1,301,363 1,566,184 (13,267,812)
55,202,810 51,480,161 51,253,908 66,901,252 67,769,461
408,342 570,756 431,537 637,602 836,931
4,236,775 6,880,449 8,738,616 15,088,332 9,871,141
49,015,090 42,373,710 41,056,630 49,610,034 55,706,188
1,542,603 1,655,246 1,027,125 1,565,284 1,355,201
59,200,849 53,660,600 55,645,268 68,664,341 72,603,408
3,994,136 3,223,780 3,070,067 3,120,880 3,414,524
613,678 128,991 190,197 151,068 89,355
4,747,567 839,959 1,376,651 1,067,708 1,050,754
15,828,682 17,859,169 12,012,233 20,179,329 12,964,526
31,527,073 31,415,818 38,187,392 40,592,094 52,924,512
4,634,695 6,136,018 12,845,225 11,891,428 12,359,904
2,505,099 5,540,846 7,100,019 8,494,604 8,570,106
29,021,974 25,874,972 31,087,373 32,097,490 44,354,406
2,322,371 2,367,883 3,002,450 3,720,695 2,443,805
2,672,441 3,365,846 4,906,297 8,327,171 8,286,038
3,712,420 4,799,853 4,588,299 5,913,317 6,775,565
3,260,952 4,440,116 4,218,901 5,855,517 5,926,528
451,468 359,737 369,398 57,800 849,037
408,095 3,132,444 1,642,093 2,309,355 228,114
43,373 (2,772,707) (1,272,695) (2,251,555) 620,923
706,002 776,825 384,510 662,187 1,184,804
1,141,676 1,324,383 1,946,070 2,663,091 3,041,273
1,262,448 1,270,317 1,935,732 2,747,856 3,153,601
(408,968) (3,320,265) (2,834,255) (4,252,459) (1,235,546)
(303,686) (3,040,907) (2,014,268) (2,902,905) (1,131,154)
384,750 500,175 900,315 900,315 2,671,605
0.00% 0.00% 80.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
3,433,197 (2,009,657) (7,387,980) 6,510,410 (10,011,424)
21,556,207 15,144,301 13,208,986 13,454,187 18,460,536
12.16% 7.49% 8.05% 0.98% 12.53%
0.76% 0.67% 0.66% 0.08% 1.17%
-0.10 -2.76 -0.65 -14.74 -0.06
-0.51% -5.67% -3.62% -4.23% -1.56%
1.19% 1.45% 0.69% 0.96% 1.63%
0.07% -5.17% -2.29% -3.28% 0.86%
87.84% 92.51% 91.95% 99.02% 87.47%
-3.09 -0.38 -0.68 -0.65 -2.55
25.84% 23.75% 39.13% 40.50% 38.21%
1.79 1.64 5.03 4.15 2.66
-0.79 -6.08 -2.24 -3.22 -0.42
7.78% 6.25% 5.86% 4.77% 4.83%
26.74% 33.28% 21.59% 29.39% 17.86%
49.02% 48.22% 55.87% 46.75% 61.09%
82.79% 78.97% 73.78% 72.25% 76.73%
93.25% 95.94% 92.11% 97.43% 93.34%
64.32% 74.14% 93.01% 81.82% 95.01%
59.20% 63.78% 76.69% 62.74% 80.71%
14.70% 19.53% 33.64% 29.29% 23.35%
16.19%
155.25% 557.43% 415.70% 6,039.17% 68.28%
16.29% 56.53% 23.13% 27.19% 2.66%
54.05% 90.30% 55.27% 71.43% 69.34%
5.04% 2.05% 5.55% 0.29% 24.93%
7.22 13.76 4.27 68.33 1.02
7.76 2.20 3.43 0.22 6.78
16.42 38.49 13.29 251.95 3.08
-11.31 0.66 3.67 -2.24 8.85
- - - -
(Thousand Rupees) SILKBANK LIMITED
55
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
5,194,290 6,229,666 6,965,749 7,181,577 8,381,360
3,116,835 4,114,222 4,114,222 5,019,351 6,023,221
1,676,602 1,876,669 2,016,877 2,003,948 2,029,036
400,853 238,775 834,650 158,278 329,103
417,613 380,813 147,298 621,624 536,313
65,117,771 70,243,581 73,864,207 87,507,071 99,188,005
957,576 1,640,514 1,254,496 1,763,401 1,857,810
8,916,437 5,865,471 8,441,454 9,385,522 12,370,528
53,000,647 60,150,128 61,634,491 73,548,226 82,016,811
2,243,111 2,587,468 2,533,766 2,809,922 2,942,856
70,729,674 76,854,060 80,977,254 95,310,272 108,105,678
5,551,302 5,861,205 5,646,755 6,471,173 7,247,711
6,603,003 4,349,673 3,908,859 1,497,193 1,400,451
3,193,405 3,175,009 3,990,269 2,755,377 2,531,900
16,724,253 19,181,562 14,053,177 29,537,179 34,985,663
35,828,359 40,805,224 49,464,962 51,939,441 59,293,364
351,710 1,277,490 5,002,417 3,190,077 7,096,036
416,111 650,775 1,889,598 3,212,338 4,617,643
35,412,248 40,154,449 47,575,364 48,727,103 54,675,721
1,929,885 2,150,955 3,126,857 3,333,891 3,468,923
1,315,578 1,981,207 2,675,973 2,988,356 3,795,309
5,536,098 6,271,636 7,822,941 9,337,284 10,250,494
3,768,323 4,334,358 4,878,347 6,602,779 7,203,842
1,767,775 1,937,281 2,944,594 2,734,505 3,046,652
36,745 234,815 1,265,942 1,633,343 1,452,236
1,731,030 1,702,466 1,678,652 1,101,162 1,594,416
754,877 1,067,664 1,226,206 1,168,193 1,228,431
1,037,006 1,293,445 1,951,625 2,078,942 2,682,400
1,028,824 1,278,974 1,673,590 2,113,660 2,623,991
1,448,901 1,476,685 953,233 190,413 140,447
985,298 1,000,334 701,041 145,355 125,440
311,683 411,422 411,422 501,935 602,322
0.00% 0.00% 0.00% 0.00% 0.00%
0.30% 0.20% 22.00% 0.00% 0.00%
5,767,553 892,813 4,500,148 13,892,687 5,497,142
40,533,634 44,250,847 30,104,153 39,824,682 55,540,656
31.93% 30.89% 37.64% 29.29% 29.72%
2.50% 2.52% 3.64% 2.87% 2.82%
0.19 0.16 0.10 0.02 0.01
1.39% 1.30% 0.87% 0.15% 0.12%
1.07% 1.39% 1.51% 1.23% 1.14%
2.45% 2.22% 2.07% 1.16% 1.47%
68.07% 69.11% 62.36% 70.71% 70.28%
0.71 0.87 1.76 11.10 18.68
16.48% 17.62% 21.57% 19.79% 23.37%
1.36 1.20 1.36 1.81 2.14
3.16 2.43 1.70 0.29 0.21
17.18% 13.29% 11.80% 8.36% 8.00%
23.65% 24.96% 17.35% 30.99% 32.36%
50.07% 52.25% 58.75% 51.12% 50.58%
74.93% 78.27% 76.11% 77.17% 75.87%
92.07% 91.40% 91.22% 91.81% 91.75%
67.60% 67.84% 80.26% 70.62% 72.29%
57.87% 61.81% 70.59% 62.63% 62.82%
0.98% 3.13% 10.11% 6.14% 11.97%
7.79%
6.77% 20.51% 71.81% 44.42% 84.66%
8.83% 36.08% 67.00% 50.85% 31.45%
118.31% 50.94% 37.77% 100.70% 65.07%
7.34% 8.11% 8.60% 7.53% 7.75%
7.80 7.10 4.32 5.55 6.63
16.67 15.14 16.93 14.31 13.92
10.20 9.66 8.85 10.24 9.79
5.85 0.89 6.42 95.58 43.82
- - - -
(Thousand Rupees) SONERI BANK LIMITED
56
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
40,558,670 43,340,575 44,010,120 44,665,571 7,309,686
38,715,850 38,715,850 38,715,850 38,715,850 40,437,271
1,113,606 1,653,044 1,812,492 1,946,365 8,464,894
729,214 2,971,681 3,481,778 4,003,356 (41,592,479)
(328,557) (274,265) (1,252,980) 3,080,285 6,353,079
206,087,623 212,478,904 221,860,038 265,128,356 150,687,274
4,259,834 6,637,388 4,296,420 4,844,638 1,335,493
22,045,237 6,616,065 8,695,730 15,747,326 42,361,934
156,878,328 177,161,630 174,551,801 206,957,950 99,169,373
22,904,224 22,063,821 34,316,087 37,578,442 7,820,474
246,317,736 255,545,214 264,617,178 312,874,212 164,350,039
22,797,606 26,295,860 22,741,035 21,521,550 8,836,449
3,544,796 1,628,280 1,261,582 2,238,182 2,951,479
3,873,224 15,225,935 31,466,898 20,568,064 6,429,166
34,629,051 40,696,466 29,586,663 83,784,536 51,789,035
138,454,686 131,085,549 137,716,271 141,230,362 98,344,554
8,420,970 10,493,345 16,534,389 21,388,480 34,711,468
9,450,568 11,548,534 12,114,806 16,783,638 23,778,539
129,004,118 119,537,015 125,601,465 124,446,724 74,566,015
3,369,016 3,734,139 3,886,275 6,995,784 2,718,975
49,099,925 48,427,519 50,073,260 53,319,372 17,058,920
14,565,027 22,530,080 23,307,442 26,653,240 16,482,080
4,228,716 6,338,119 6,888,900 10,369,328 13,533,160
10,336,311 16,191,961 16,418,542 16,283,912 2,948,920
1,563,809 6,052,957 9,316,038 9,418,308 10,050,404
8,772,502 10,139,004 7,102,504 6,865,604 (7,101,484)
3,687,239 6,112,711 6,611,470 6,883,241 1,715,352
5,099,562 12,160,481 12,620,994 12,482,566 7,235,425
5,072,060 12,081,963 12,424,711 12,244,352 6,955,148
7,360,179 4,091,234 1,092,980 1,266,279 (12,621,557)
5,709,457 2,764,069 677,132 669,365 (10,112,114)
3,871,585 3,971,585 3,871,585 3,871,585 4,043,727
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
(3,174,000) 9,247,515 (12,894,580) 46,571,729 (18,017,973)
134,361,727 183,669,089 121,947,090 150,649,399 152,511,924
70.97% 71.87% 70.44% 61.10% 17.89%
4.20% 6.34% 6.20% 5.20% 1.79%
0.14 0.06 0.02 0.01 -1.38
2.32% 1.08% 0.26% 0.21% -6.15%
1.50% 2.39% 2.50% 2.20% 1.04%
3.56% 3.97% 2.68% 2.19% -4.32%
29.03% 28.13% 29.56% 38.90% 82.11%
0.69 2.95 11.37 9.67 -0.55
27.94% 42.46% 42.18% 37.22% 39.76%
1.38 1.98 1.88 1.78 4.05
1.47 0.70 0.17 0.17 -2.50
10.69% 10.93% 9.07% 7.59% 7.17%
14.06% 15.93% 11.18% 26.78% 31.51%
52.37% 46.78% 47.47% 39.78% 45.37%
63.69% 69.33% 65.96% 66.15% 60.34%
83.67% 83.15% 83.84% 84.74% 91.69%
88.26% 73.99% 78.90% 68.24% 99.17%
77.38% 71.33% 75.15% 63.42% 69.49%
6.08% 8.00% 12.01% 15.14% 35.30%
24.18%
20.76% 24.21% 37.57% 47.89% 474.87%
16.55% 52.41% 76.90% 56.12% 42.27%
112.23% 110.06% 73.27% 78.47% 68.50%
16.47% 16.96% 16.63% 14.28% 4.45%
3.31 4.24 2.77 3.37 20.86
10.48 10.91 11.37 11.54 1.81
3.87 4.09 3.97 4.63 13.57
-0.56 3.35 -19.04 69.58 1.78
- - - -
(Thousand Rupees) STANDARD CHARTERED BANK (PAKISTAN) LIMITED
57
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
3,093,974 6,324,139 6,132,731 4,065,941 3,743,244
3,000,000 4,500,000 5,000,000 5,000,000 5,000,000
18,795 1,631,395 1,314,828 1,064,828 1,064,828
75,179 192,744 (182,097) (1,998,887) (2,321,584)
(21,198) (22,563) (312,611) (11,541) (152,056)
2,623,603 11,819,210 18,982,697 34,118,975 46,300,442
3,899 384,179 75,963 213,209 154,327
0 1,748,603 1,869,940 1,554,801 2,835,847
2,526,271 9,464,785 16,616,466 31,307,488 42,294,961
93,433 221,643 420,328 1,043,477 1,015,307
5,696,379 18,120,786 24,802,817 38,173,375 49,891,630
228,374 753,845 1,349,649 1,923,526 2,575,503
645,650 52,551 65,580 724,802 315,450
1,079,286 2,855,582 200,000 1,433,817 3,463,634
1,730,868 5,408,425 5,094,613 12,446,033 16,483,335
1,564,608 8,157,709 16,510,341 21,072,058 25,856,086
140,215 128,461 751,663 2,568,243 5,307,244
140,239 128,461 751,663 2,568,243 3,050,547
1,424,369 8,029,248 15,758,678 18,503,815 22,805,539
385,074 597,515 927,882 1,570,754 1,701,487
202,758 423,620 1,406,415 1,570,628 2,546,682
142,802 617,854 2,471,982 3,514,363 4,572,710
23,309 252,338 1,585,875 2,877,797 3,677,280
119,493 365,516 886,107 636,566 895,430
0 0 623,202 2,040,787 699,254
119,469 365,516 262,905 (1,404,221) 196,176
21,214 345,904 166,780 1,208,532 512,869
90,654 384,502 776,959 1,077,054 1,258,521
90,441 383,529 774,742 1,064,723 1,249,094
50,029 326,918 (347,274) (2,285,586) (549,476)
93,974 230,165 (191,408) (2,066,790) (322,697)
300,000 450,000 500,000 500,000 500,000
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
(342,837) 768,996 1,156,154 8,975,769 5,066,139
266,470 2,387,362 25,857,630 35,826,776 29,054,827
83.68% 59.16% 35.85% 18.11% 19.58%
2.10% 2.02% 3.57% 1.67% 1.79%
0.03 0.04 -0.03 -0.51 -0.09
1.65% 1.27% -0.77% -5.41% -0.65%
0.37% 1.91% 0.67% 3.17% 1.03%
2.10% 2.02% 1.06% -3.68% 0.39%
16.32% 40.84% 64.15% 81.89% 80.42%
1.81 1.17 -2.23 -0.47 -2.27
55.27% 39.90% 29.44% 22.80% 24.75%
4.26 1.11 4.65 0.88 2.44
0.31 0.51 -0.38 -4.13 -0.65
15.34% 4.45% 5.71% 6.94% 5.79%
30.39% 29.85% 20.54% 32.60% 33.04%
25.00% 44.31% 63.54% 48.47% 45.71%
44.35% 52.23% 66.99% 82.01% 84.77%
46.06% 65.22% 76.53% 89.38% 92.80%
61.93% 86.19% 99.36% 67.31% 61.13%
61.93% 72.75% 89.31% 64.12% 57.29%
8.96% 1.57% 4.55% 12.19% 20.53%
11.80%
4.53% 2.03% 12.26% 63.16% 141.78%
0.00% 0.00% 82.91% 79.46% 22.92%
100.02% 100.00% 100.00% 100.00% 57.48%
54.31% 34.90% 24.73% 10.65% 7.50%
0.09 0.38 4.22 8.81 7.76
10.31 14.05 12.27 8.13 7.49
0.82 1.50 2.71 7.70 11.30
-3.65 3.34 -6.04 -4.34 -15.70
- - - -
(Thousand Rupees) SUMMIT BANK
58
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
27,203,726 34,009,411 45,076,576 55,914,736 60,180,924
6,475,000 8,093,750 10,117,188 11,128,907 12,241,798
8,298,873 10,261,958 17,256,061 21,167,954 21,688,637
12,429,853 15,653,703 17,703,327 23,617,875 26,250,489
2,659,661 8,411,993 4,319,088 11,403,627 8,234,141
393,402,486 487,862,552 571,311,725 573,131,166 630,369,914
4,560,649 6,079,341 5,210,870 5,166,361 5,045,815
38,490,586 59,103,350 44,749,690 37,168,277 45,104,849
335,077,873 401,637,816 492,267,898 503,831,672 550,645,767
15,273,378 21,042,045 29,083,267 26,964,856 29,573,483
423,265,873 530,283,956 620,707,389 640,449,529 698,784,979
48,939,840 57,526,451 50,143,570 61,252,772 67,461,668
14,034,476 4,191,128 14,540,306 14,049,990 18,192,142
29,572,070 24,781,723 22,805,341 23,162,130 12,384,778
67,260,338 115,585,646 115,057,090 137,734,578 224,578,556
244,654,068 294,725,035 397,736,446 390,493,953 368,691,940
16,255,409 22,012,411 28,552,722 40,065,237 48,592,560
1,416,249 1,352,028 19,791,080 28,414,357 34,959,768
243,237,819 293,373,007 377,945,366 362,079,596 333,732,172
5,234,463 16,918,844 19,926,915 23,734,082 22,424,072
14,986,867 17,907,157 20,288,801 18,436,381 20,011,591
32,991,603 41,045,543 52,763,249 61,495,472 59,331,761
12,126,809 16,936,187 24,247,281 28,323,272 25,223,253
20,864,794 24,109,356 28,515,968 33,172,200 34,108,508
2,316,858 6,422,046 7,753,688 12,879,215 8,004,700
18,547,936 17,687,310 20,762,280 20,292,985 26,103,808
6,948,388 8,992,351 11,199,152 12,320,490 10,120,632
11,204,568 13,674,688 17,780,935 18,911,237 18,482,222
10,952,275 13,420,977 16,679,968 17,803,338 17,765,056
14,291,756 13,004,973 14,052,051 17,803,338 17,742,218
7,350,813 12,429,853 8,445,251 9,487,952 11,159,930
647,500 809,375 1,011,718 1,112,891 1,224,180
0.30% 0.30% 25.00% 25.00% 0.50%
0.25% 0.25% 10.00% 10.00% 0.00%
22,896,863 49,886,356 1,025,033 26,774,872 100,070,348
285,899,840 423,297,850 48,668,314 450,962,490 540,248,817
63.24% 58.74% 54.05% 53.94% 57.49%
4.93% 4.55% 4.59% 5.18% 4.88%
0.27 0.37 0.19 0.17 0.19
1.74% 2.34% 1.36% 1.48% 1.60%
1.64% 1.70% 1.80% 1.92% 1.45%
4.38% 3.34% 3.34% 3.17% 3.74%
36.76% 41.26% 45.95% 46.06% 42.51%
0.77 1.03 1.19 1.00 1.00
28.05% 27.33% 27.80% 25.62% 26.61%
1.58 1.49 1.49 1.45 1.76
11.35 15.36 8.35 8.53 9.12
14.88% 11.64% 10.42% 11.76% 12.26%
15.89% 21.80% 18.54% 21.51% 32.14%
57.47% 55.32% 60.89% 56.54% 47.76%
79.16% 75.74% 79.31% 78.67% 78.80%
92.94% 92.00% 92.04% 89.49% 90.21%
73.01% 73.38% 80.80% 77.50% 66.96%
65.49% 63.97% 74.06% 72.18% 61.89%
6.64% 7.47% 7.18% 10.26% 13.18%
9.48%
59.75% 64.72% 63.34% 71.65% 80.74%
163.59% 474.99% 39.18% 45.33% 22.90%
8.71% 6.14% 69.31% 70.92% 71.94%
6.43% 6.41% 7.26% 8.73% 8.61%
10.51 12.45 1.08 8.07 8.98
42.01 42.02 44.55 50.24 49.16
12.32 11.81 10.92 9.01 9.15
3.11 4.01 0.12 2.82 8.97
- - - -
(Thousand Rupees) UNITED BANK LIMITED
59
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
(11,244,089) (9,964,857) (7,631,049) (8,436,252) (6,371,796)
14,452,145 14,849,470 15,506,103 15,506,595 15,507,008
1,624,440 1,886,642 2,438,371 2,444,970 4,841,036
(27,320,674) (26,700,969) (25,575,523) (26,387,817) (26,719,840)
1,033,708 3,045,550 3,494,010 3,565,578 3,674,643
129,176,783 133,987,153 134,345,948 133,061,761 131,479,147
351,141 497,582 755,721 750,837 689,377
86,438,681 87,339,121 83,318,134 82,934,281 80,334,191
13,491,261 14,320,029 13,883,492 13,262,294 14,784,898
28,895,700 31,830,421 36,388,601 36,114,349 35,670,681
118,966,402 127,067,846 130,208,909 128,191,087 128,781,994
2,310,931 3,363,036 2,840,235 2,732,040 2,924,921
14,541,439 17,720,977 18,315,949 18,131,059 17,788,668
292,454 1,883,944 700,000 514,714 108,802
16,481,394 15,826,210 12,046,115 11,524,380 11,663,468
94,458,564 94,973,890 101,188,798 100,081,783 99,264,204
36,226,936 31,305,432 22,710,747 28,925,611 28,197,740
23,841,158 22,332,219 21,074,895 20,781,413 20,941,782
70,617,406 72,641,671 80,113,903 79,300,370 78,322,422
2,390,171 3,710,874 5,106,662 5,078,461 5,078,338
12,332,607 11,921,134 11,086,045 10,910,063 12,895,375
8,274,247 9,690,208 10,686,103 10,856,251 10,943,847
4,173,228 4,994,988 5,110,072 6,198,446 5,404,472
4,101,019 4,695,220 5,576,031 4,657,765 5,589,375
3,020,615 4,569,978 1,333,576 1,769,606 2,273,308
307,052 1,199,164 3,031,251 2,888,199 3,446,595
5,675,526 6,257,647 6,363,253 6,309,346 6,404,308
6,743,044 5,740,669 6,819,291 6,264,771 6,273,966
3,992,920 5,842,387 5,844,945 6,569,464 5,925,334
(913,653) 1,575,373 4,161,233 3,202,206 3,631,567
(1,071,428) 883,295 2,322,667 1,801,533 2,274,634
1,392,786 1,432,084 1,511,536 1,511,541 1,497,415
(1,635,229) 4,550,941 (2,141,072) 724,925 (945,613)
11,979,299 10,453,817 23,033,910 26,032,331 14,460,252
49.56% 48.45% 52.18% 42.90% 51.07%
3.45% 3.70% 4.28% 3.63% 4.30%
0.10 -0.09 -0.30 -0.21 -0.36
-0.90% 0.70% 1.78% 1.41% 1.77%
4.77% 4.92% 4.89% 4.92% 4.97%
0.26% 0.94% 2.33% 2.25% 2.68%
50.44% 51.55% 47.82% 57.10% 49.38%
-4.37 3.71 1.40 2.05 1.63
48.34% 36.00% 40.00% 36.50% 36.17%
0.70 0.93 0.92 1.04 0.93
-0.77 0.62 1.54 1.19 1.52
14.17% 16.59% 16.25% 16.27% 16.08%
13.85% 12.45% 9.25% 8.99% 9.06%
59.36% 57.17% 61.53% 61.86% 60.82%
11.34% 11.27% 10.66% 10.35% 11.48%
108.58% 105.45% 103.18% 103.80% 102.09%
700.15% 663.22% 728.84% 754.63% 671.39%
94.52% 93.42% 104.10% 104.04% 104.36%
38.35% 32.96% 22.44% 28.90% 28.41%
21.10%
-322.19% -314.16% -297.61% -342.87% -442.54%
12.67% 20.46% 6.33% 8.52% 10.86%
65.81% 71.34% 92.80% 71.84% 74.27%
-9.45% -7.84% -5.86% -6.58% -4.95%
-1.07 -1.05 -3.02 -3.09 -2.27
-8.07 -6.96 -5.05 -5.58 -4.26
-1.20 -1.44 -1.82 -1.57 -2.32
1.53 5.15 -0.92 0.40 -0.42
- - - -
(Thousand Rupees) Specialized Banks - Overall
N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A
60
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
(27,672,905) (28,071,247) (27,942,705) (27,804,610) (27,709,145)
157,000 157,000 157,000 157,000 157,000
750,548 750,548 750,548 750,548 750,548
(28,580,453) (28,978,795) (28,850,253) (28,712,158) (28,616,693)
(362,242) (48,313) (252,683) (365,817) (254,642)
36,167,971 37,544,275 35,440,978 33,978,550 33,121,740
36,041 24,761 29,471 38,612 13,717
20,581,468 22,681,908 22,542,821 22,305,318 22,466,356
7,285,504 6,110,553 4,637,119 3,796,797 3,313,563
8,264,958 8,727,053 8,231,567 7,837,823 7,328,104
8,132,824 9,424,715 7,245,590 5,808,123 5,157,953
293,520 257,632 212,428 183,885 150,299
21,161 26,918 30,513 50,313 64,681
0 1,625,000 600,000 481,269 108,802
4,873,437 4,705,838 4,036,610 3,178,546 3,015,974
8,166,307 7,217,511 6,492,401 6,411,877 6,266,499
6,918,032 5,636,648 0 6,283,508 6,158,107
6,918,032 6,017,014 6,367,623 6,269,695 6,158,107
1,248,275 1,200,497 124,778 142,182 108,392
126,444 127,711 125,120 120,568 123,390
1,569,987 1,481,119 2,116,141 1,651,360 1,586,415
282,605 552,443 441,814 404,055 284,378
662,873 649,811 616,701 689,973 587,511
(380,268) (97,368) (174,887) (285,958) (253,133)
(619,345) 399,436 (605,602) (159,224) 65,264
(999,613) 302,068 (780,489) (126,694) (187,869)
75,490 114,896 160,487 422,828 477,293
876,572 812,651 793,010 155,888 192,004
166,092 987,141 158,076 180,890 196,798
(1,800,695) (395,687) 173,008 140,246 97,420
(1,802,998) (398,342) 128,542 138,095 95,465
1,570 1,570 15,700 15,700 1,570
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
1,809,230 (528,738) (549,050) (756,259) (280,827)
212,555 199,336 139,219 145,208 141,970
-134.56% -17.62% -39.58% -70.77% -89.01%
-4.68% -1.03% -2.41% -4.92% -5.88%
0.07 0.01 0.00 0.00 0.00
-22.17% -4.23% 1.77% 2.38% 1.85%
0.93% 1.22% 2.21% 7.28% 9.25%
-12.29% 3.21% -10.77% -2.18% -3.64%
234.56% 117.62% 139.58% 170.76% 206.60%
-0.09 -2.49 0.91 1.29 2.02
244.79% 121.77% 131.66% 18.85% 25.21%
2.20 8.59 0.98 0.43 0.41
-1,148.41 -253.72 8.19 8.80 60.81
3.87% 3.02% 3.35% 4.03% 4.17%
59.92% 49.93% 55.71% 54.73% 58.47%
15.35% 12.74% 1.72% 2.45% 2.10%
89.58% 64.84% 64.00% 65.37% 64.24%
444.72% 398.36% 489.14% 585.02% 642.15%
112.09% 118.12% 140.01% 168.88% 189.12%
29.30% 25.07% 23.89% 24.56% 24.31%
84.71% 78.10% 0.00% 98.00% 98.27%
98.27%
-25.00% -20.08% 0.00% -22.60% -22.22%
-8.95% 6.64% -9.51% -2.54% 1.06%
100.00% 106.75% 99.78% 100.00%
-340.26% -297.85% -385.65% -478.72% -537.21%
-0.01 -0.01 0.00 -0.01 -0.01
-17,626.05 -17,879.78 -1,779.79 -1,770.99 -17,649.14
-0.26 -0.22 -0.17 -0.14 -0.12
-1.00 1.33 -4.27 -5.48 -2.94
- - - -
-
(Thousand Rupees) INDUSTRIAL DEV. BANK OF PAKISTAN
61
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
801,741 934,954 1,066,511 87,361 2,304,214
425,533 430,351 434,155 434,647 435,060
337,269 370,827 402,298 401,727 2,797,793
38,939 133,776 230,058 (749,013) (928,639)
1,131,398 2,489,021 3,654,089 3,608,391 3,586,269
13,801,243 14,232,922 10,113,896 10,016,170 9,355,390
20,677 39,654 75,186 44,305 21,777
12,000,000 12,000,000 8,000,000 8,000,000 5,250,000
1,657,013 2,007,645 1,929,185 1,837,175 3,820,343
123,553 185,623 109,525 134,690 263,270
15,734,382 17,656,897 14,834,496 13,711,922 15,245,873
409,993 715,017 695,200 601,882 814,147
6,511,008 5,586,775 2,230,225 2,017,990 1,709,436
0 0 0 0 0
506,876 558,009 508,762 451,012 799,673
7,867,351 9,453,735 8,983,220 8,177,689 7,385,647
3,085,018 3,254,376 4,228,634 4,113,247 3,430,614
1,068,548 1,443,914 1,443,914 1,443,914 1,605,894
6,798,803 8,009,821 7,539,306 6,733,775 5,779,753
1,288,477 2,571,139 3,712,774 3,705,253 3,700,872
219,225 216,136 148,229 202,010 2,441,992
1,029,645 1,228,805 984,869 1,193,637 1,553,750
253,508 547,198 618,581 1,570,956 965,655
776,137 681,607 366,288 (377,319) 588,095
157,609 375,366 3,551 0 158,452
618,528 306,241 362,737 (377,319) 429,643
50,145 374,777 355,393 77,394 76,830
512,610 550,754 596,544 679,146 681,299
512,511 550,203 596,293 678,896 680,681
156,063 130,264 121,586 (979,071) (174,826)
155,033 129,783 120,416 (979,071) (179,626)
4,255 4,303 4,342 4,346 4,351
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
2,744,207 (939,551) (3,725,168) (321,956) (2,135,260)
7,066 30,198 9,031,919 11,586,667 241,483
75.38% 55.47% 37.19% -31.61% 37.85%
4.93% 3.86% 2.47% -2.75% 3.86%
0.19 0.14 0.11 -11.21 -0.08
0.99% 0.74% 0.81% -7.14% -1.18%
0.32% 2.12% 2.40% 0.56% 0.50%
3.93% 1.73% 2.45% -2.75% 2.82%
24.62% 44.53% 62.81% 131.61% 62.15%
3.28 4.22 4.90 -0.69 -3.89
47.47% 34.35% 44.51% 53.43% 41.78%
10.22 1.47 1.68 8.77 8.86
36.44 30.16 27.74 -225.26 -41.29
43.99% 35.69% 19.72% 19.11% 16.55%
3.22% 3.16% 3.43% 3.29% 5.25%
43.21% 45.36% 50.82% 49.11% 37.91%
10.53% 11.37% 13.00% 13.40% 25.06%
87.71% 80.61% 68.18% 73.05% 61.36%
474.79% 470.89% 465.65% 445.12% 193.32%
57.61% 67.49% 90.47% 83.13% 81.43%
39.21% 34.42% 47.07% 50.30% 46.45%
21.74%
384.79% 348.08% 396.49% 4,708.33% 148.88%
14.75% 26.00% 0.25% 0.00% 9.87%
34.64% 44.37% 34.15% 35.10% 46.81%
5.10% 5.30% 7.19% 0.64% 15.11%
0.01 0.03 8.47 132.63 0.10
188.42 217.28 245.65 20.10 529.63
2.07 2.15 1.81 21.03 1.66
17.70 -7.24 -30.94 0.33 11.89
- - - -
(Thousand Rupees) THE PUNJAB PROVINCIAL COOPERATIVE BANK
62
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
2,386,371 2,889,281 2,356,333 2,392,185 2,144,323
2,000,000 2,392,507 2,392,507 2,392,507 2,392,507
177,275 199,356 199,356 206,526 206,526
209,096 297,418 (235,530) (206,848) (454,710)
(98,459) (80,674) (401,844) (171,444) (151,432)
7,336,966 3,775,151 3,802,521 4,078,488 4,013,464
18,090 40,441 37,686 54,542 40,505
2,600,000 1,400,000 1,518,100 1,371,750 1,360,622
1,666,360 1,879,587 1,892,018 2,203,152 2,225,822
3,052,516 455,123 354,717 449,044 386,515
9,624,878 6,583,758 5,757,010 6,299,229 6,006,355
311,954 286,705 200,112 213,778 227,980
125,704 52,980 49,751 57,296 9,091
292,454 258,944 100,000 33,445 0
5,566,582 3,058,130 2,545,053 2,939,132 2,892,131
7,808,969 7,762,218 7,942,929 7,721,969 7,841,810
6,119,396 5,706,118 5,496,498 5,543,241 5,623,404
6,077,698 5,643,871 5,416,607 5,221,053 5,331,030
1,731,271 2,118,347 2,526,322 2,500,916 2,510,780
156,384 144,589 124,546 108,418 109,854
1,440,529 664,063 211,226 446,244 256,519
960,293 875,560 774,797 773,936 621,096
454,062 379,956 385,379 448,106 361,895
506,231 495,604 389,418 325,830 259,201
232,669 137,525 11,368 4,571 125,333
738,900 633,129 378,050 321,259 133,868
26,810 40,338 58,647 20,398 61,459
534,025 521,373 568,691 568,691 539,617
553,867 526,464 570,101 1,189,203 527,380
78,498 41,691 (131,994) 42,398 (289,660)
153,187 110,403 (532,948) 35,852 (247,862)
200,000 239,250 239,251 239,251 239,251
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
1,231,254 (780,948) 550,566 220,560 (112,106)
3,524,588 2,479,894 2,550,866 2,988,550 2,764,893
52.72% 56.60% 50.26% 42.10% 41.73%
5.26% 7.53% 6.76% 5.17% 4.32%
0.06 0.04 -0.23 0.01 -0.12
1.59% 1.68% -9.26% 0.57% -4.13%
0.28% 0.61% 1.02% 0.32% 1.02%
7.68% 9.62% 6.57% 5.10% 2.23%
47.28% 43.40% 49.74% 57.90% 58.27%
7.06 12.63 -4.32 28.05 -1.82
54.10% 56.92% 68.23% 71.59% 79.06%
20.66 13.05 9.72 58.30 8.58
0.77 0.46 -2.23 0.15 -1.04
4.55% 5.16% 4.34% 4.30% 3.95%
57.84% 46.45% 44.21% 46.66% 48.15%
17.99% 32.18% 43.88% 39.70% 41.80%
17.31% 28.55% 32.86% 34.97% 37.06%
76.23% 57.34% 66.05% 64.75% 66.82%
468.62% 412.97% 419.81% 350.50% 352.31%
183.04% 236.68% 232.92% 216.01% 218.65%
78.36% 73.51% 69.20% 71.79% 71.71%
67.98%
256.43% 197.49% 233.26% 231.72% 262.25%
3.83% 2.44% 0.21% 0.09% 2.35%
99.32% 98.91% 98.55% 94.19% 94.80%
24.79% 43.88% 40.93% 37.98% 35.70%
1.48 0.86 1.08 1.25 1.29
11.93 12.08 9.85 10.00 8.96
0.70 0.65 0.80 0.92 1.04
8.04 -7.07 -1.03 6.15 0.45
- - - -
(Thousand Rupees) SME BANK LTD.
63
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
13,240,704 14,282,155 16,888,812 16,888,812 16,888,812
11,869,612 11,869,612 12,522,441 12,522,441 12,522,441
359,348 565,911 1,086,169 1,086,169 1,086,169
1,011,744 1,846,632 3,280,202 3,280,202 3,280,202
363,011 685,516 494,448 494,448 494,448
71,870,603 78,434,805 84,988,553 84,988,553 84,988,553
276,333 392,726 613,378 613,378 613,378
51,257,213 51,257,213 51,257,213 51,257,213 51,257,213
2,882,384 4,322,244 5,425,170 5,425,170 5,425,170
17,454,673 22,462,622 27,692,792 27,692,792 27,692,792
85,474,318 93,402,476 102,371,813 102,371,813 102,371,813
1,295,464 2,103,682 1,732,495 1,732,495 1,732,495
7,883,566 12,054,304 16,005,460 16,005,460 16,005,460
0 0 0 0 0
5,534,499 7,504,233 4,955,690 4,955,690 4,955,690
70,615,937 70,540,426 77,770,248 77,770,248 77,770,248
20,104,490 16,708,290 12,985,615 12,985,615 12,985,615
9,776,880 9,227,420 7,846,751 7,846,751 7,846,751
60,839,057 61,313,006 69,923,497 69,923,497 69,923,497
818,866 867,435 1,144,222 1,144,222 1,144,222
9,102,866 9,559,816 8,610,449 8,610,449 8,610,449
6,001,704 7,033,400 8,484,623 8,484,623 8,484,623
2,802,785 3,418,023 3,489,411 3,489,411 3,489,411
3,198,919 3,615,377 4,995,212 4,995,212 4,995,212
3,249,682 3,657,651 1,924,259 1,924,259 1,924,259
(50,763) (42,274) 3,070,953 3,070,953 3,070,953
5,523,081 5,727,636 5,788,726 5,788,726 5,788,726
4,819,837 3,855,891 4,861,046 4,861,046 4,861,046
2,760,450 3,778,579 4,520,475 4,520,475 4,520,475
652,481 1,799,105 3,998,633 3,998,633 3,998,633
423,350 1,041,451 2,606,657 2,606,657 2,606,657
1,186,961 1,186,961 1,252,244 1,252,244 1,252,244
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
(7,419,920) 6,800,178 1,582,580 1,582,580 1,582,580
8,235,090 7,744,389 11,311,906 11,311,906 11,311,906
53.30% 51.40% 58.87% 58.87% 58.87%
3.74% 3.87% 4.88% 4.88% 4.88%
0.03 0.07 0.15 0.15 0.15
0.50% 1.12% 2.55% 2.55% 2.55%
6.46% 6.13% 5.65% 5.65% 5.65%
-0.06% -0.05% 3.00% 3.00% 3.00%
46.70% 48.60% 41.13% 41.13% 41.13%
4.23 2.10 1.13 1.13 1.13
41.82% 30.22% 34.06% 34.06% 34.06%
0.50 0.66 0.78 0.78 0.78
0.36 0.88 2.08 2.08 2.08
10.74% 15.16% 17.33% 17.33% 17.33%
6.48% 8.03% 4.84% 4.84% 4.84%
71.18% 65.64% 68.30% 68.30% 68.30%
3.37% 4.63% 5.30% 5.30% 5.30%
84.08% 83.98% 83.02% 83.02% 83.02%
2,449.91% 1,632.03% 1,433.51% 1,433.51% 1,433.51%
130.43% 126.92% 137.20% 137.20% 137.20%
28.47% 23.69% 16.70% 16.70% 16.70%
10.09%
151.84% 116.99% 76.89% 76.89% 76.89%
33.24% 39.64% 24.52% 24.52% 24.52%
48.63% 55.23% 60.43% 60.43% 60.43%
15.49% 15.29% 16.50% 16.50% 16.50%
0.62 0.54 0.67 0.67 0.67
11.16 12.03 13.49 13.49 13.49
0.22 0.30 0.32 0.32 0.32
-17.53 6.53 0.61 0.61 0.61
- - - -
(Thousand Rupees) ZARAI TARAQIATI BANK LTD. (ZTBL)
64
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Head office capital account
2.Reserves
3.Unremitted profit
4.Others
B.Total liabilities (B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expenses
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.Cash generated from operating activities
2.Commitments and contingencies
F.Efficiency ratios/Profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/Interest income (after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin expense to profit before tax.(D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. exp. to non-markup/interest income (D8/D6) (times)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provision to total assets (C8/C)
4.Deposits to total assets ( B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposit (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provision against NPLs to gross advances (C7/C5)
3.NPLs to total equity (C6/A)
4.NPLs write off to NPLs provision (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital/leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E2/A) (times)
3.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E1/D10) (times)
26,534,686 19,419,964 34,504,276 35,848,774 54,392,259
20,208,238 17,085,491 32,130,320 34,884,218 52,615,032
2,983,628 0 75,785 92,715 845,383
3,342,820 2,334,473 2,298,171 871,841 931,844
(132,000) (59,198) (532,853) (109,477) 13,706,846
249,704,501 153,332,311 200,590,252 205,297,310 337,606,637
3,162,779 3,746,900 4,423,404 3,597,659 7,668,000
44,581,971 19,465,228 17,346,929 16,730,580 31,772,639
190,166,999 117,101,206 147,938,165 160,936,430 272,154,220
11,792,752 13,018,977 30,881,754 24,032,641 26,011,778
276,107,187 172,693,077 234,561,675 241,036,607 405,705,742
33,824,051 23,923,775 34,935,292 34,793,226 39,750,187
12,002,679 5,297,596 18,369,224 16,269,846 5,410,669
15,654,228 16,408,831 29,913,984 32,117,954 41,123,279
50,069,094 26,427,145 22,592,924 52,372,610 120,308,537
155,339,954 90,666,390 104,440,711 95,113,870 163,587,997
4,259,035 1,177,223 3,136,262 6,390,991 22,296,572
2,992,258 2,211,458 2,519,229 4,788,386 16,277,538
152,347,696 88,454,932 101,921,482 90,325,484 147,310,459
4,181,203 1,967,593 3,697,504 3,589,490 33,000,271
8,028,236 10,213,205 23,131,265 11,567,997 18,802,340
23,097,809 15,246,222 18,232,589 22,263,026 27,346,830
11,101,335 8,144,883 9,098,668 12,197,135 10,011,575
11,996,474 7,101,339 9,133,921 10,065,891 11,907,673
1,843,528 2,739,112 4,568,218 4,727,009 4,094,123
5,950,416 4,362,227 4,609,161 5,340,538 7,813,550
6,030,824 4,922,361 5,772,095 5,608,678 5,424,372
9,347,974 6,776,950 10,374,744 12,054,031 11,484,587
9,294,964 5,854,906 10,318,250 11,898,100 11,303,962
6,849,600 2,507,638 6,512 (850,572) 1,512,840
4,770,208 1,759,748 650,623 (809,378) 1,020,336
11,584,914 (834,422) 32,730,565 55,063,671 20,657,574
389,680,963 512,987,891 400,482,828 389,092,022 500,091,323
51.94% 46.58% 50.10% 45.21% 43.54%
4.34% 4.11% 3.89% 4.18% 4.27%
17.98% 9.06% 1.89% -2.26% 1.88%
1.73% 1.02% 0.28% -0.34% 0.25%
2.18% 2.85% 2.46% 2.33% 1.34%
2.16% 2.53% 1.97% 2.22% 1.93%
48.06% 53.42% 49.90% 54.79% 36.61%
1.36 2.33 1,584.50 -13.99 7.47
32.09% 33.60% 43.22% 43.25% 35.04%
1.54 1.19 1.79 2.12 2.08
16.60% 16.92% 22.73% 21.18% 11.13%
18.13% 15.30% 9.63% 21.73% 29.65%
55.18% 51.22% 43.45% 37.47% 36.31%
68.87% 67.81% 63.07% 66.77% 67.08%
90.44% 88.79% 85.52% 85.17% 83.21%
81.69% 77.43% 70.60% 59.10% 60.11%
66.17% 66.39% 63.19% 53.53% 53.82%
2.74% 1.30% 3.00% 6.72% 13.63%
1.93% 2.44% 2.41% 5.03% 9.95%
16.05% 6.06% 9.09% 17.83% 40.99%
61.61% 123.86% 181.33% 98.72% 25.15%
70.26% 187.85% 80.33% 74.92% 73.00%
9.61% 11.25% 14.71% 14.87% 13.41%
14.69 26.42 11.61 10.85 9.19
7.17 6.03 4.29 4.49 5.00
2.43 -0.47 50.31 -68.03 20.25
(Thousand Rupees) Foreign Banks - Overall
65
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Head office capital account
2.Reserves
3.Unremitted profit
4.Others
B.Total liabilities (B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expenses
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.Cash generated from operating activities
2.Commitments and contingencies
F.Efficiency ratios/Profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/Interest income (after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin expense to profit before tax.(D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. exp. to non-markup/interest income (D8/D6) (times)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provision to total assets (C8/C)
4.Deposits to total assets ( B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposit (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provision against NPLs to gross advances (C7/C5)
3.NPLs to total equity (C6/A)
4.NPLs write off to NPLs provision (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital/leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E2/A) (times)
3.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E1/D10) (times)
6,330,486 6,840,022 6,476,901
7,139,900 9,320,564 9,756,756
0 0 0
(809,414) (2,480,542) (3,279,855)
1,507 5,578 (8,849)
18,272,040 35,697,127 41,812,643
256,590 317,339 402,249
2,476,155 2,988,707 7,193,234
14,557,453 29,920,456 32,301,878
981,842 2,470,625 1,915,282
24,604,033 42,542,727 48,280,695
1,609,550 2,434,134 2,912,164
392,032 1,517,901 2,189,397
1,485,808 5,857,743 1,646,369
9,332,849 11,625,172 21,014,371
9,713,315 18,228,753 17,897,052
0 931,048 612,471
33,841 194,968 460,193
9,679,474 18,033,785 17,436,859
1,381,260 1,451,343 928,091
723,060 1,622,649 2,153,444
832,665 3,336,395 4,391,663
335,338 2,000,062 2,756,649
497,327 1,336,333 1,635,014
33,841 161,127 268,149
463,486 1,175,206 1,366,865
28,515 72,953 359,985
1,700,415 3,976,964 2,486,406
1,700,315 3,975,517 2,484,133
(1,208,414) (2,343,683) (1,224,843)
(809,414) (1,671,128) (425,530)
5,675,244 2,554,422 10,264,246
2,475,663 8,426,357 9,490,085
59.73% 40.05% 37.23%
2.02% 3.14% 3.39%
-12.79% -24.43% -6.57%
-3.29% -3.93% -0.88%
0.12% 0.17% 0.75%
1.88% 2.76% 2.83%
40.27% 59.95% 62.77%
-1.41 -1.70 -2.03
197.45% 116.65% 52.33%
59.63 54.49 6.90
8.14% 9.29% 10.57%
37.93% 27.33% 43.53%
39.34% 42.39% 36.12%
59.17% 70.33% 66.90%
74.26% 83.91% 86.60%
66.72% 60.92% 55.41%
57.02% 55.39% 45.31%
0.00% 5.11% 3.42%
0.35% 1.07% 2.57%
0.00% 13.61% 9.46%
100.00% 82.64% 58.27%
20.94% 75.14%
25.73% 16.08% 13.42%
0.39 1.23 1.47
2.30 4.37 4.99
-7.01 -1.53 -24.12
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
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(Thousand Rupees) BARCLAYS BANK PLC
66
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Head office capital account
2.Reserves
3.Unremitted profit
4.Others
B.Total liabilities (B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expenses
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.Cash generated from operating activities
2.Commitments and contingencies
F.Efficiency ratios/Profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/Interest income (after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin expense to profit before tax.(D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. exp. to non-markup/interest income (D8/D6) (times)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provision to total assets (C8/C)
4.Deposits to total assets ( B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposit (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provision against NPLs to gross advances (C7/C5)
3.NPLs to total equity (C6/A)
4.NPLs write off to NPLs provision (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital/leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E2/A) (times)
3.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E1/D10) (times)
6,069,075 6,379,282 9,507,730 8,652,136 9,139,755
3,794,244 5,443,260 7,742,345 6,780,848 6,812,671
0 0 75,785 92,715 125,573
2,274,831 936,022 1,689,600 1,778,573 2,201,511
(40,569) (53,371) (494,658) (126,721) (274,283)
85,259,113 86,142,940 92,638,755 81,255,385 88,488,440
1,212,275 2,120,612 1,660,227 1,654,759 1,164,263
15,409,454 5,977,312 3,152,988 5,561,411 4,342,038
63,103,884 68,627,815 65,484,768 58,147,204 68,304,814
5,533,500 9,417,201 22,340,772 15,892,011 14,677,325
91,287,619 92,468,851 101,651,827 89,780,800 97,353,912
5,881,934 7,799,117 10,583,830 7,706,034 7,001,789
539,516 192,370 7,358,861 2,735,953 1,396,604
6,267,405 4,530,449 14,166,060 10,155,661 11,410,316
21,937,387 21,276,196 9,194,307 33,122,217 50,236,317
52,723,216 50,912,294 43,635,814 31,204,853 23,731,204
571,935 1,044,729 1,955,724 3,158,076 4,309,629
1,433,945 1,844,083 1,779,065 2,959,824 4,486,991
51,289,271 49,068,211 41,856,749 28,245,029 19,244,213
1,186,499 1,420,645 1,474,167 1,266,456 865,640
4,185,607 8,181,863 17,017,853 6,549,450 7,199,033
9,017,327 10,553,668 9,943,656 9,983,377 9,373,975
4,113,089 5,071,332 4,144,702 4,720,788 4,241,090
4,904,238 5,482,336 5,798,954 5,262,589 5,132,885
955,209 2,655,460 4,058,001 3,285,903 1,942,347
3,949,029 2,826,876 1,740,953 1,976,686 3,190,538
2,674,610 3,133,824 3,546,047 2,449,934 2,053,698
4,048,478 4,757,786 5,168,151 4,124,032 4,047,233
4,053,108 4,735,163 5,127,991 3,987,382 3,879,891
2,575,161 1,202,914 118,849 302,588 1,197,003
1,645,274 896,449 800,362 88,973 422,938
2,935,328 (2,780,477) (1,086,131) 17,837,265 1,562,704
122,691,858 194,203,394 255,409,196 287,394,471 307,209,267
54.39% 51.95% 58.32% 52.71% 54.76%
5.37% 5.93% 5.70% 5.86% 5.27%
27.11% 14.05% 8.42% 1.03% 4.63%
1.80% 0.97% 0.79% 0.10% 0.43%
2.93% 3.39% 3.49% 2.73% 2.11%
4.33% 3.06% 1.71% 2.20% 3.28%
45.61% 48.05% 41.68% 47.29% 45.24%
1.57 3.94 43.15 13.18 3.24
34.63% 34.76% 38.31% 33.17% 35.42%
1.52 1.51 1.45 1.63 1.89
7.03% 8.64% 17.65% 11.63% 8.63%
24.03% 23.01% 9.04% 36.89% 51.60%
56.18% 53.06% 41.18% 31.46% 19.77%
69.13% 74.22% 64.42% 64.77% 70.16%
93.40% 93.16% 91.13% 90.50% 90.89%
83.55% 74.19% 66.64% 53.67% 34.74%
67.15% 68.24% 63.57% 48.98% 32.67%
1.08% 2.05% 4.48% 10.12% 18.16%
2.72% 3.62% 4.08% 9.49% 18.91%
9.42% 16.38% 20.57% 36.50% 47.15%
66.61% 144.00% 228.10% 111.02% 43.29%
250.72% 176.51% 90.97% 93.72% 104.12%
6.65% 6.90% 9.35% 9.64% 9.39%
20.22 30.44 26.86 33.22 33.61
10.40 10.76 6.89 6.72 7.47
1.78 -3.10 -1.36 200.48 3.69
(Thousand Rupees) CITI BANK N. A.
67
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Head office capital account
2.Reserves
3.Unremitted profit
4.Others
B.Total liabilities (B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expenses
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.Cash generated from operating activities
2.Commitments and contingencies
F.Efficiency ratios/Profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/Interest income (after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin expense to profit before tax.(D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. exp. to non-markup/interest income (D8/D6) (times)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provision to total assets (C8/C)
4.Deposits to total assets ( B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposit (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provision against NPLs to gross advances (C7/C5)
3.NPLs to total equity (C6/A)
4.NPLs write off to NPLs provision (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital/leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E2/A) (times)
3.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E1/D10) (times)
2,767,673 3,556,772 4,634,445 5,169,257 5,274,418
2,569,048 2,853,853 3,600,702 3,877,033 3,667,876
0 0 0 0 0
198,625 702,919 1,033,743 1,292,224 1,606,542
(4,245) (3,658) (232) (34) (321)
6,548,147 14,032,377 17,095,525 10,013,789 12,160,786
278,427 625,398 1,683,524 217,050 2,640,728
1,927,525 6,971,367 532,521 1,063,547 443,891
3,326,539 5,128,591 10,317,214 6,005,209 6,065,947
1,015,656 1,307,021 4,562,266 2,727,983 3,010,220
9,311,575 17,585,491 21,729,738 15,183,012 17,434,883
3,156,621 3,522,250 4,754,734 4,764,709 4,722,669
71,744 127,489 1,628,093 128,632 37,134
182,730 4,924,319 5,309,670 5,350,170 6,223,146
1,158,584 3,695,931 999,390 490,909 2,046,309
4,194,971 4,715,413 6,374,949 3,838,528 3,665,213
0 0 312,566 381,517 3,245,948
19,656 16,162 40,343 381,517 419,265
4,175,315 4,699,251 6,334,606 3,457,011 3,245,948
61,073 107,229 130,225 120,382 110,230
505,508 509,022 2,573,020 871,199 1,049,447
375,050 679,115 1,041,031 1,111,138 1,065,750
139,483 382,592 400,017 242,280 324,744
235,567 296,523 641,014 868,858 741,006
18,842 8,464 48,069 354,287 25,263
216,725 288,059 592,945 514,571 715,743
482,867 1,062,244 1,053,202 1,599,341 1,221,476
527,967 574,011 815,012 871,160 653,051
527,944 572,659 813,878 863,450 653,431
171,625 776,292 831,135 1,242,752 1,284,168
198,625 504,294 534,135 805,218 834,293
845,485 2,714,933 (266,446) (1,742,550) 2,084,285
78,109,837 248,140,110 98,796,853 41,259,232 66,714,952
62.81% 43.66% 61.57% 78.20% 69.53%
2.53% 1.69% 2.95% 5.72% 4.25%
7.18% 14.18% 11.53% 15.58% 15.82%
2.13% 2.87% 2.46% 5.30% 4.79%
5.19% 6.04% 4.85% 10.53% 7.01%
2.33% 1.64% 2.73% 3.39% 4.11%
37.19% 56.34% 38.43% 21.80% 30.47%
3.08 0.74 0.98 0.69 0.51
61.54% 32.96% 38.92% 32.14% 28.55%
1.09 0.54 0.77 0.54 0.53
34.67% 20.75% 29.37% 32.23% 27.30%
12.44% 21.02% 4.60% 3.23% 11.74%
44.84% 26.72% 29.15% 22.77% 18.62%
35.72% 29.16% 47.48% 39.55% 34.79%
70.32% 79.80% 78.67% 65.95% 69.75%
126.11% 91.94% 61.79% 63.92% 60.42%
79.84% 38.97% 58.76% 54.30% 56.30%
0.00% 0.00% 4.90% 9.94% 88.56%
0.47% 0.34% 0.63% 9.94% 11.44%
0.00% 0.00% 6.74% 7.38% 61.54%
95.86% 52.37% 119.15% 92.86% 6.03%
12.91% 100.00% 12.92%
29.72% 20.23% 21.33% 34.05% 30.25%
28.22 69.77 21.32 7.98 12.65
1.20 1.44 2.23 1.16 1.15
4.26 5.38 -0.50 -2.16 2.50
- -
(Thousand Rupees) DEUTSCHE BANK
68
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Head office capital account
2.Reserves
3.Unremitted profit
4.Others
B.Total liabilities (B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expenses
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.Cash generated from operating activities
2.Commitments and contingencies
F.Efficiency ratios/Profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/Interest income (after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin expense to profit before tax.(D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. exp. to non-markup/interest income (D8/D6) (times)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provision to total assets (C8/C)
4.Deposits to total assets ( B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposit (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provision against NPLs to gross advances (C7/C5)
3.NPLs to total equity (C6/A)
4.NPLs write off to NPLs provision (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital/leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E2/A) (times)
3.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E1/D10) (times)
2,416,121 2,549,518 4,962,015 5,511,880 6,206,372
2,059,848 2,078,119 4,339,547 4,619,535 5,707,268
0 0 0 0 0
356,273 471,399 622,468 892,345 499,104
(16) (389) (5,034) (1,002) (7,349)
20,970,765 29,837,117 43,916,081 46,223,063 50,739,967
162,297 745,760 587,298 989,256 1,341,130
5,605,136 3,032,738 4,770,659 3,073,493 1,255,575
14,713,851 25,401,388 37,005,085 40,796,993 46,460,640
489,481 657,231 1,553,039 1,363,321 1,682,622
23,386,870 32,386,246 48,873,062 51,733,941 56,938,990
3,625,335 4,254,003 7,577,335 8,411,801 9,954,810
2,493,245 793,028 4,266,775 4,035,306 297,338
5,263,053 6,754,063 7,354,749 8,698,829 16,076,728
196,803 301,193 1,941,950 5,431,713 6,512,700
11,277,487 19,353,303 25,591,220 23,701,592 22,727,260
73,143 76,589 223,085 500,638 762,869
75,581 92,989 288,253 453,161 484,827
11,201,906 19,260,314 25,302,967 23,248,431 22,242,433
185,399 308,114 509,574 410,901 266,120
421,129 715,531 1,919,712 1,496,960 1,588,861
1,151,506 2,151,546 4,071,742 4,703,682 5,005,567
648,080 1,310,016 2,443,593 2,732,216 (2,713,791)
503,426 841,530 1,628,149 1,971,466 2,291,776
7,782 17,443 265,346 471,333 363,563
511,208 824,087 1,362,803 1,500,133 1,928,213
217,253 396,379 849,974 1,021,563 1,005,725
480,387 994,556 1,952,124 2,200,197 2,176,393
479,990 99,470 1,949,088 2,200,186 2,171,268
248,074 225,910 260,653 321,499 757,545
167,390 126,045 161,565 261,885 491,592
2,048,917 (794,179) 6,500,868 3,889,177 (1,289,280)
36,481,883 52,100,337 29,264,954 34,619,778 58,032,008
43.72% 39.11% 39.99% 41.91% 45.78%
2.15% 2.60% 3.33% 3.81%
6.93% 4.94% 3.26% 4.75% 7.92%
0.72% 0.39% 0.33% 0.51% 0.86%
0.93% 1.22% 1.74% 1.97% 1.77%
2.19% 2.54% 2.79% 2.90% 3.39%
56.28% 60.89% 60.01% 58.09% -54.22%
1.93 0.44 7.48 6.84 2.87
35.10% 39.03% 39.66% 38.43% 36.21%
2.21 0.25 2.29 2.15 2.16
26.16% 15.58% 24.23% 24.06% 18.01%
0.84% 0.93% 3.97% 10.50% 11.44%
47.90% 59.47% 51.77% 44.94% 39.06%
62.92% 78.43% 75.72% 78.86% 81.60%
89.67% 92.13% 89.86% 89.35% 89.11%
76.65% 76.19% 69.16% 58.10% 48.92%
55.50% 68.06% 61.26% 54.03% 47.63%
0.65% 0.40% 0.87% 2.11% 3.36%
0.67% 0.48% 1.13% 1.91% 2.13%
3.03% 3.00% 4.50% 9.08% 12.29%
10.30% 18.76% 92.05% 104.01% 74.99%
103.33% 121.41% 129.21% 90.52% 63.55%
10.33% 7.87% 10.15% 10.65% 10.90%
15.10 20.44 5.90 6.28 9.35
6.09 9.96 7.46 7.40 7.49
12.24 -6.30 40.24 14.85 -2.62
-
(Thousand Rupees) HSBC BANK MIDDLE EAST LIMITED
69
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Head office capital account
2.Reserves
3.Unremitted profit
4.Others
B.Total liabilities (B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expenses
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.Cash generated from operating activities
2.Commitments and contingencies
F.Efficiency ratios/Profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/Interest income (after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin expense to profit before tax.(D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. exp. to non-markup/interest income (D8/D6) (times)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provision to total assets (C8/C)
4.Deposits to total assets ( B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposit (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provision against NPLs to gross advances (C7/C5)
3.NPLs to total equity (C6/A)
4.NPLs write off to NPLs provision (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital/leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E2/A) (times)
3.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E1/D10) (times)
2,025,129 2,033,623 2,712,141 2,847,576 22,594,386
2,188,856 2,289,217 3,008,999 3,203,140 22,017,968
0 0 0 0 719,810
(163,727) (255,594) (296,858) (355,564) (143,392)
0 0 0 0 13,997,648
737,497 660,308 729,806 1,097,875 140,061,370
4,415 2,754 4,036 7,577 2,110,211
98,000 178,000 186,406 382,008 16,669,412
0 0 521,574 690,196 116,671,219
635,082 479,554 17,790 18,094 4,610,528
2,762,626 2,693,931 3,441,947 3,945,451 176,653,404
2,304,786 2,391,751 3,088,841 3,328,022 10,318,722
67,683 42,807 38,910 52,781 1,401,796
0 0 0 150,000 4,753,113
0 0 0 0 40,498,840
388,295 280,948 315,802 425,108 92,586,336
15,437 55,905 83,218 36,416 13,252,316
19,974 60,442 38,713 37,885 10,426,262
368,321 220,506 277,089 387,223 82,160,074
4,583 5,646 15,071 10,461 30,800,135
17,253 33,221 22,036 16,964 6,720,724
47,204 38,268 40,426 56,707 6,999,888
41,313 47,636 50,080 75,569 4,995,955
5,891 (9,368) (9,654) (18,862) 2,003,933
1,183 40,468 21,729 828 1,494,801
4,708 (49,836) 12,075 (18,034) 509,132
6,233 4,471 9,549 17,597 598,771
35,495 46,502 62,888 58,269 2,006,961
35,501 44,273 57,280 55,148 2,002,159
(24,554) (91,867) (41,264) (58,706) (571,207)
(24,554) (91,867) (41,264) (58,706) (350,557)
84,174 (35,503) 21,302,169 28,507,068 7,989,545
97,322 85,715 729,519 450,421 55,864,113
12.48% -24.48% -23.88% -33.26% 28.63%
0.21% -0.35% -0.28% -0.48% 1.13%
-1.21% -4.52% -1.52% -2.06% -1.55%
-0.89% -3.41% -1.20% -1.49% -0.20%
0.23% 0.17% 0.28% 0.45% 0.34%
0.17% -1.85% 0.35% -0.46% 0.29%
87.52% 124.48% 123.88% 133.26% 71.37%
-1.45 -0.48 -1.39 -0.94 -3.51
66.42% 108.80% 125.84% 78.42% 26.41%
5.70 9.90 6.00 3.13 3.34
85.88% 90.37% 90.87% 85.69% 6.63%
0.00% 0.00% 0.00% 0.00% 22.93%
13.33% 8.19% 8.05% 9.81% 46.51%
0.00% 0.00% 15.15% 17.49% 66.05%
26.70% 24.51% 21.20% 27.83% 79.29%
60.55% 61.59% 79.36%
396.22% 157.84% 44.61% 39.65% 69.44%
3.98% 19.90% 26.35% 8.57% 14.31%
5.14% 21.51% 12.26% 8.91% 11.26%
0.76% 2.75% 3.07% 1.28% 58.65%
5.92% 66.95% 56.13% 2.19% 14.34%
129.39% 108.12% 46.52% 104.03% 78.68%
73.30% 75.49% 78.80% 72.17% 12.79%
0.05 0.04 0.27 0.16 2.47
0.00 0.00 0.19 0.24 5.16
-3.43 0.39 -516.24 -485.59 -22.79
- -
(Thousand Rupees) OMAN INTERNATIONAL BANK SAOG.
70
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Head office capital account
2.Reserves
3.Unremitted profit
4.Others
B.Total liabilities (B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expenses
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.Cash generated from operating activities
2.Commitments and contingencies
F.Efficiency ratios/Profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/Interest income (after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin expense to profit before tax.(D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. exp. to non-markup/interest income (D8/D6) (times)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provision to total assets (C8/C)
4.Deposits to total assets ( B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposit (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provision against NPLs to gross advances (C7/C5)
3.NPLs to total equity (C6/A)
4.NPLs write off to NPLs provision (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital/leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E2/A) (times)
3.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E1/D10) (times)
2,366,071 2,454,236 3,957,242 4,087,588 4,700,427
2,262,169 2,374,857 3,878,698 4,041,323 4,652,493
0 0 0 0 0
103,902 79,379 78,544 46,265 47,934
0 0 0 0 0
4,351,324 3,027,209 6,106,000 4,458,128 4,343,431
5,381 20,914 12,559 216,907 9,419
2,816,936 1,996,400 4,258,351 1,397,725 1,868,489
1,458,945 978,846 1,715,912 2,740,049 2,349,722
70,062 31,049 119,178 103,447 115,801
6,717,395 5,481,445 10,063,242 8,545,716 9,043,858
2,410,745 2,475,776 4,072,080 4,237,350 4,840,033
11,611 10,550 36,983 91,075 88,400
400,000 200,000 1,597,697 1,905,551 1,013,607
0 0 0 0 0
3,776,394 2,621,101 4,092,787 2,198,843 2,980,932
0 0 0 0 113,339
0 0 0 0 0
3,776,394 2,621,101 4,092,787 2,198,843 2,980,932
23,229 23,262 19,422 27,336 30,055
95,416 150,756 244,273 85,561 90,831
286,789 330,590 538,145 516,130 509,987
166,142 243,394 391,186 385,251 406,928
120,647 87,196 146,959 130,879 103,059
0 0 0 0 0
120,647 87,196 146,959 130,879 103,059
82,580 61,290 80,485 180,185 184,717
64,868 68,639 103,346 114,573 114,543
64,746 68,323 97,011 112,088 113,080
138,359 79,847 124,098 65,612 70,174
245,225 79,299 78,396 45,928 47,600
70,035 62,702 202,342 151,296 46,074
8,160,825 13,545,977 4,958,383 3,781,342 2,780,898
42.07% 26.38% 27.31% 25.36% 20.21%
1.80% 1.59% 1.46% 1.53% 1.14%
10.36% 3.23% 1.98% 1.12% 1.01%
3.65% 1.45% 0.78% 0.54% 0.53%
1.23% 1.12% 0.80% 2.11% 2.04%
1.80% 1.59% 1.46% 1.53% 1.14%
57.93% 73.62% 72.69% 74.64% 79.79%
0.47 0.86 0.78 1.71 1.61
17.56% 17.52% 16.71% 16.45% 16.49%
0.78 1.11 1.21 0.62 0.61
36.06% 45.36% 40.83% 50.65% 54.49%
0.00% 0.00% 0.00% 0.00% 0.00%
56.22% 47.82% 40.67% 25.73% 32.96%
21.72% 17.86% 17.05% 32.06% 25.98%
64.78% 55.23% 60.68% 52.17% 48.03%
258.84% 267.77% 238.52% 80.25% 126.86%
88.32% 88.10% 68.51% 53.14% 70.67%
0.00% 0.00% 0.00% 0.00% 3.80%
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 2.41%
0.00%
35.22% 44.77% 39.32% 47.83% 51.97%
3.45 5.52 1.25 0.93 0.59
0.62 0.40 0.43 0.67 0.50
0.29 0.79 2.58 3.29 0.97
- - - - -
- - - -
(Thousand Rupees) THE BANK OF TOKYO-MITSUBISHI, LIMITED
Financial Statement Analysis of Financial Sector 2010

71

DEVELOPMENT FINANCE INSTITUTIONS (DFIs)



Performance at a Glance

The Balance sheet size of DFIs decreased in CY10 as the total assets slightly reduced from last year‟s
level. Shareholders‟ equity registered a growth of 8.6 percent over the last year. The profit before tax
increased by 136.2 percent, whereas profit after tax increased by 36.5 percent during the year.

Analysis of Balance Sheets

Shareholders‟ equity of DFIs increased
from Rs 48.9 billion to Rs 53.1 billion in
CY10 witnessing a growth of Rs 4.2
billion or 8.6 percent over CY09. In
absolute terms total assets marginally
decreased from Rs 113.7 billion in CY09
to Rs 113.3 billion in CY10. Similarly
total liabilities contracted by around 5.8
percent in CY10 over CY09.

Analysis of Liabilities

Analysis of the liabilities side of DFIs reveals that the major portion of liabilities came through
borrowings from financial institutions which decreased from Rs 38.8 billion in CY09 to Rs. 38.0

billion in CY10, recording a decrease of 2.0 percent over CY09, but the share of borrowings in total
liabilities have increased. Total deposits contributed around 28.3 percent of total liabilities in CY10.
Total deposits stood at Rs 15.9 billion witnessing a decrease of Rs 2.2 billion in CY10 over CY09.
Total SHE Total Liabilities Total Assets
CY 09 48.9 59.4 113.8
CY 10 53.1 55.9 113.3
Growth 9% -6% 0%
9%
-6%
0%
-8%
-6%
-4%
-2%
0%
2%
4%
6%
8%
10%
0.0
20.0
40.0
60.0
80.0
100.0
120.0
G
r
o
w
t
h
B
i
l
l
i
o
n

R
s
.
Components of Balance Sheets
Borrowlings Deposits Others
CY 09 38.8 18.1 2.6
CY 10 38.0 15.9 2.1
Growth -2% -12% -19%
-2%
-12%
-19%
-25%
-20%
-15%
-10%
-5%
0%
0.0
10.0
20.0
30.0
40.0
50.0
G
r
o
w
t
h
B
i
l
l
i
o
n

R
s
.
Major Components of Liabilities
0%
50%
100%
CY 09 CY 10
65%
68%
30%
28%
4% 4%
Share of Borrowings in Total Liabilities
Others
Deposits
Borrowlings
Financial Statement Analysis of Financial Sector 2010

72

Analysis of Assets


In CY10, total assets stood at Rs 113.3 billion
decreased by 0.4 percent compared to previous
year. The analysis of components of total assets
reveals that investment activities of DFIs almost
remained same while lending to financial
institutions decreased during CY10. The amount
of lending to financial institutions changed from
Rs 10.6 billion in CY09 to Rs 7.7 billion in
CY10 recording a decrease of around 26.9
percent. Gross advances of DFIs also increased by 15 percent over CY09 and their share in total assets
also increased from 30.9 percent in CY09 to 35.7 percent in CY10.
NPLs also increased from Rs 6.7 billion to Rs 6.9 billion in CY10 reflecting an increase of 2.5
percent. NPL to gross advances ratio decreased from 16.4 percent in CY09 to 14.6 percent in CY10.

Profitability of DFIs

In terms of profitability, CY10 witnessed increases both in profit before tax and after tax. Profit before
tax increased from Rs. 1.5 billion in CY09 to Rs. 3.6 billion in CY10 showing an increase of 136.2
percent. Return on assets (ROA) improved from 1.9 percent in CY09 to 2.6 percent in CY10.

Cash & Cash
Equlvalent
Lending Investment Advances
CY 09 8.2 10.6 58.6 35.2
CY 10 4.5 7.7 58.3 40.5
Growth -46% -27% 0% 15%
-46%
-27%
0%
15%
-50%
-40%
-30%
-20%
-10%
0%
10%
20%
0.0
10.0
20.0
30.0
40.0
50.0
60.0
70.0
G
r
o
w
t
h
B
i
l
l
i
o
n

R
s
.
Major components of assets
16%
12%
72%
15%
11%
74%
NPL Analysis
NPL to Adv.
NPL to SHE
NPL Prov. To
NPL
Adv. Gross NPL Provision Adv. Net
CY 09 35.2 6.7 5.8 29.4
CY 10 40.5 6.9 5.9 34.6
Growth 15% 3% 3% 17%
15%
3% 3%
17%
0%
5%
10%
15%
20%
0.0
10.0
20.0
30.0
40.0
50.0
G
r
o
w
t
h
B
i
l
l
i
o
n

R
s
.
Major Components of Advances
Financial Statement Analysis of Financial Sector 2010

73

Return on equity (ROE) also witnessed an increase from 4.4 percent in CY09 to 5.5 percent in CY10.
Breakup value per share increased from Rs 14.1 in CY09 to Rs 14.5 in CY10. Spread ratio decreased
from 44.7 percent in CY09 to 43.8 percent in CY10.













0.0
1.0
2.0
3.0
4.0
Profit Before Taxation Profit After Taxation
1.5
2.1
3.6
2.9
B
i
l
l
i
o
n
s

R
s
.
CY 09
CY 10
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
45.0%
Spread Ratio ROE ROA
44.7%
4.4%
1.9%
43.8%
5.5%
2.6%
CY 09
CY 10
74
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provisions against advances
8.Advances net of provisions (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after provisions) to total assets(D5/C)
7.Markup/interest expenses to markup/interest income (D2/D1)
8.Admin. expenses to profit before tax. (D8/D9) (times)
9.Non-markup/interest expenses to total income D7/(D1+D6)
10.Admin. expenses to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposits C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provision against NPLs to gross advances (C7/C5)
3.NPLs to total equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposits to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E4/D10) (times)
26,102,838 34,570,070 46,902,253 48,920,410 53,127,089
15,241,780 21,991,780 39,748,980 40,748,980 42,748,980
9,316,628 10,619,579 11,124,218 6,764,011 6,764,483
1,544,430 1,958,711 (3,970,945) 1,407,419 3,613,626
1,961,119 2,948,916 (656,553) 5,409,974 4,266,503
49,206,171 53,379,971 38,833,942 59,424,672 55,948,787
0 0 0 0 0
35,974,943 39,113,088 30,937,172 38,774,252 38,013,567
11,515,833 11,867,394 5,880,621 18,073,599 15,856,269
1,715,395 2,399,489 2,016,149 2,576,821 2,078,951
77,270,128 90,898,957 85,079,642 113,755,056 113,342,379
456,012 582,562 650,959 1,665,533 1,680,344
8,835,280 9,187,229 10,252,671 6,545,275 2,770,130
16,864,983 17,648,189 8,056,730 10,576,282 7,728,674
23,451,174 35,485,410 36,071,855 58,551,142 58,332,880
23,918,267 24,631,058 27,407,033 35,183,101 40,462,622
1,972,787 2,149,654 4,816,698 6,695,174 6,863,106
1,304,415 1,885,835 3,698,407 5,753,542 5,910,752
22,613,852 22,745,223 23,708,626 29,429,559 34,551,870
2,780,194 2,692,031 2,690,082 2,790,590 2,877,036
2,268,633 2,558,313 3,648,719 4,196,675 5,401,445
4,974,357 5,683,688 8,483,284 10,429,986 11,412,755
3,720,268 4,224,696 4,855,654 5,768,136 6,409,502
1,254,090 1,458,993 3,627,630 4,661,850 5,003,253
427,607 648,463 6,171,391 2,660,700 1,233,164
826,483 810,529 (1,804,158) 1,489,660 3,869,200
2,458,109 3,666,464 7,621,120 1,458,885 1,472,254
908,970 1,030,265 3,308,278 1,417,421 1,724,727
795,758 934,573 1,196,516 1,363,810 1,687,109
2,041,539 2,981,056 1,694,081 1,531,026 3,616,728
2,143,374 2,525,835 1,195,447 2,147,069 2,931,038
600,564 1,015,824 3,375,138 3,475,138 3,675,138
1,332,877 6,191,623 5,682,965 9,897,449 (591,763)
12,367,470 12,487,600 13,761,913 15,386,918 19,341,258
25.21% 25.67% 42.76% 44.70% 43.84%
1.62% 1.61% 4.26% 4.10% 4.41%
8.21% 7.31% 2.55% 4.39% 5.52%
2.77% 2.78% 1.41% 1.89% 2.59%
3.18% 4.03% 8.96% 1.28% 1.30%
1.07% 0.89% -2.12% 1.31% 3.41%
74.79% 74.33% 57.24% 55.30% 56.16%
0.39 0.31 0.71 0.89 0.47
0.12 0.11 0.21 0.12 0.13
0.32 0.25 0.16 0.93 1.15
3.57 2.49 0.35 0.62 0.80
12.02% 10.75% 12.82% 7.22% 3.93%
30.35% 39.04% 42.40% 51.47% 51.47%
29.27% 25.02% 27.87% 25.87% 30.48%
14.90% 13.06% 6.91% 15.89% 13.99%
63.68% 58.72% 45.64% 52.24% 49.36%
207.70% 207.55% 466.06% 194.67% 255.18%
50.36% 48.31% 74.44% 61.89% 75.11%
8.25% 8.73% 17.57% 19.03% 16.96%
5.45% 7.66% 13.49% 16.35% 14.61%
7.56% 6.22% 10.27% 13.69% 12.92%
32.78% 34.39% 166.87% 46.24% 20.86%
66.12% 87.73% 76.78% 85.94% 86.12%
33.78% 38.03% 55.13% 43.01% 46.87%
0.47 0.36 0.29 0.31 0.36
43.46 34.03 13.90 14.08 14.46
0.44 0.34 0.13 0.37 0.30
0.62 2.45 4.75 4.61 -0.20
(Thousand Rupees) DFIs - Overall
N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A
75
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provisions against advances
8.Advances net of provisions (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after provisions) to total assets(D5/C)
7.Markup/interest expenses to markup/interest income (D2/D1)
8.Admin. expenses to profit before tax. (D8/D9) (times)
9.Non-markup/interest expenses to total income D7/(D1+D6)
10.Admin. expenses to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposits C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provision against NPLs to gross advances (C7/C5)
3.NPLs to total equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposits to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E4/D10) (times)
5,446,253 5,817,670 7,396,027
5,000,000 5,000,000 6,000,000
89,250 163,533 279,204
357,003 654,137 1,116,823
(123,267) 475,848 38,418
492,480 1,991,936 3,036,164
0 0 0
459,657 1,857,327 2,863,481
0 0 0
32,823 134,609 172,683
5,815,466 8,285,454 10,470,609
506,887 2,633 10,552
1,816,376 1,309,451 352,808
611,000 446,250 600,000
2,440,498 5,326,675 7,160,982
402,318 1,174,878 2,178,571
75,000 443,011 75,141
37,500 229,491 75,141
364,818 945,387 2,103,430
21,478 26,071 44,762
54,409 228,987 198,075
527,054 809,863 1,030,191
31,898 124,744 193,494
495,156 685,119 836,697
(37,500) (255,745) 79,955
457,656 429,374 916,652
94,762 163,699 171,171
82,513 110,083 209,239
73,115 97,529 191,647
469,905 482,990 878,584
318,146 371,417 578,357
500,000 500,000 600,000
0.00% 0.00% 0.00%
0.00% 0.00% 0.00%
378,383 1,287,294 448,811
486,955 2,284,428 3,095,251
93.95% 84.60% 81.22%
8.51% 8.27% 7.99%
5.84% 6.38% 7.82%
5.47% 4.48% 5.52%
1.63% 1.98% 1.63%
7.87% 5.18% 8.75%
6.05% 15.40% 18.78%
0.16 0.20 0.22
0.13 0.11 0.17
0.77 0.60 1.12
0.64 0.74 0.96
39.95% 15.84% 3.47%
41.97% 64.29% 68.39%
6.27% 11.41% 20.09%
0.00% 0.00% 0.00%
8.47% 24.04% 29.00%
87.53% 63.26% 76.08%
18.64% 37.71% 3.45%
9.32% 19.53% 3.45%
1.38% 7.61% 1.02%
-100.00% -111.44% 106.41%
50.00% 51.80% 100.00%
93.65% 70.22% 70.64%
0.09 0.39 0.42
10.89 11.64 12.33
0.00 0.00 0.00
1.19 3.47 0.78
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(Thousand Rupees) PAIR INVESTMENT COMPANY (FORMERLY PAK-IRAN)
76
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provisions against advances
8.Advances net of provisions (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after provisions) to total assets(D5/C)
7.Markup/interest expenses to markup/interest income (D2/D1)
8.Admin. expenses to profit before tax. (D8/D9) (times)
9.Non-markup/interest expenses to total income D7/(D1+D6)
10.Admin. expenses to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposits C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provision against NPLs to gross advances (C7/C5)
3.NPLs to total equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposits to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E4/D10) (times)
5,363,009 5,810,462 7,391,552
5,000,000 5,000,000 6,000,000
72,602 162,093 278,311
290,407 648,369 1,113,241
(81,849) 495,517 (48,993)
247,733 5,825,000 7,026,052
0 0 0
186,154 5,296,808 5,943,385
0 395,000 844,000
61,579 133,192 238,667
5,528,893 12,130,979 14,368,611
4,267 23,869 30,803
14,870 191,915 129,969
1,519,299 1,507,910 1,222,727
2,687,585 8,415,996 9,868,363
1,062,744 1,757,624 2,475,172
0 0 6,736
0 25,131 7,529
1,062,744 1,732,493 2,467,643
44,334 37,614 21,013
195,794 221,182 628,093
672,254 971,221 1,698,132
131,801 207,450 777,987
540,453 763,771 920,145
108,921 192,918 81,344
431,532 570,853 838,801
85,608 254,064 211,963
143,675 157,743 169,106
118,675 132,343 165,145
373,465 667,174 881,658
222,266 447,453 581,090
500,000 500,000 600,000
0.00% 0.00% 0.00%
0.00% 0.00% 0.00%
(1,218,859) 5,487,232 1,076,382
448,894 1,141,106 6,331,452
80.39% 78.64% 54.19%
9.78% 6.30% 6.40%
4.14% 7.70% 7.86%
4.02% 3.69% 4.04%
1.55% 2.09% 1.48%
7.81% 4.71% 5.84%
19.61% 21.36% 45.81%
0.32 0.20 0.19
0.19 0.13 0.09
1.39 0.52 0.78
0.44 0.89 0.97
0.35% 1.78% 1.12%
48.61% 69.38% 68.68%
19.22% 14.28% 17.17%
0.00% 3.26% 5.87%
4.48% 48.02% 48.90%
444.97% 293.27%
570.90% 30.88% 36.47%
0.00% 0.00% 0.27%
0.00% 1.43% 0.30%
0.00% 0.00% 0.09%
767.65% 1,080.41%
111.77%
97.00% 47.90% 51.44%
0.08 0.20 0.86
10.73 11.62 12.32
0.00 0.07 0.11
-5.48 12.26 1.85
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(Thousand Rupees) PAK BRUNEI INVESTMENT COMPANY LIMITED
77
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provisions against advances
8.Advances net of provisions (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after provisions) to total assets(D5/C)
7.Markup/interest expenses to markup/interest income (D2/D1)
8.Admin. expenses to profit before tax. (D8/D9) (times)
9.Non-markup/interest expenses to total income D7/(D1+D6)
10.Admin. expenses to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposits C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provision against NPLs to gross advances (C7/C5)
3.NPLs to total equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposits to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E4/D10) (times)
6,811,647 7,325,189 7,885,555
6,457,200 6,457,200 6,457,200
70,889 173,598 285,671
283,558 694,391 1,142,684
(625) 2,526,213 2,591,649
757,178 1,089,244 1,156,757
0 0 0
726,754 975,685 1,132,259
0 0 0
30,424 113,559 24,498
7,568,200 10,940,646 11,633,961
6,670 1,363,660 1,399,836
3,772,069 9,148 8,736
255,482 1,245,029 1,264,140
1,430,241 3,158,326 3,099,787
1,938,595 4,927,264 5,557,525
0 0 0
0 247,273 248,632
1,938,595 4,679,991 5,308,893
28,115 187,828 180,566
137,028 296,664 372,003
530,032 1,050,697 1,252,143
6,215 36,435 283,899
523,817 1,014,262 968,244
50,000 197,273 41,361
473,817 816,989 866,084
17,395 138,830 176,223
165,585 165,756 180,206
71,067 165,706 180,205
325,627 790,065 862,102
211,658 513,542 301,736
645,720 645,720 645,720
0.00% 0.00% 0.00%
0.00% 0.00% 0.00%
(15,893) (3,029,800) (81,735)
1,078,614 1,753,996 865,132
98.83% 96.53% 77.33%
6.92% 9.27% 8.32%
3.11% 7.01% 3.83%
2.80% 4.69% 2.59%
0.23% 1.27% 1.51%
6.26% 7.47% 7.44%
1.17% 3.47% 22.67%
0.22 0.21 0.21
0.30 0.14 0.13
4.09 1.19 1.02
0.33 0.80 0.47
49.93% 12.55% 12.11%
18.90% 28.87% 26.64%
25.62% 42.78% 45.63%
0.00% 0.00% 0.00%
10.00% 9.96% 9.94%
266.75% 505.01% 490.84%
0.00% 0.00% 0.00%
0.00% 5.02% 4.47%
0.00% 0.00% 0.00%
79.78% 16.64%
90.00% 66.95% 67.78%
0.16 0.24 0.11
10.55 11.34 12.21
0.00 0.00 0.00
-0.08 -5.90 -0.27
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(Thousand Rupees) PAK CHINA INVESTMENT COMPNY LIMITED
78
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provisions against advances
8.Advances net of provisions (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after provisions) to total assets(D5/C)
7.Markup/interest expenses to markup/interest income (D2/D1)
8.Admin. expenses to profit before tax. (D8/D9) (times)
9.Non-markup/interest expenses to total income D7/(D1+D6)
10.Admin. expenses to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposits C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provision against NPLs to gross advances (C7/C5)
3.NPLs to total equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposits to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E4/D10) (times)
11,865,440 12,950,596 8,368,527 8,884,894 9,421,863
6,000,000 6,000,000 6,000,000 6,000,000 6,000,000
4,784,369 5,791,271 6,447,712 2,884,894 2,992,287
1,081,071 1,159,325 (4,079,185) 0 429,576
(257,367) 41,164 (58,946) 175,691 196,228
17,029,816 11,413,856 7,158,931 15,145,252 13,279,888
0 0 0 0 0
12,600,057 8,644,000 6,370,782 10,377,872 9,807,369
3,741,500 1,947,500 37,500 4,075,951 3,138,512
688,259 822,356 750,649 691,429 334,007
28,637,889 24,405,616 15,468,512 24,205,837 22,897,979
41,680 24,849 17,179 92,512 51,424
7,177,124 5,349,009 2,759,358 1,797,223 1,363,207
8,344,074 6,591,584 500,000 800,000 250,000
7,815,400 8,074,324 8,436,921 17,091,939 15,207,224
5,248,471 4,418,660 4,269,116 5,003,098 6,389,805
377,245 338,539 1,278,058 1,693,697 1,648,540
374,606 338,539 910,181 1,395,656 1,420,615
4,873,865 4,080,121 3,358,935 3,607,442 4,969,190
125,197 121,588 107,138 111,266 220,636
260,549 164,141 288,981 705,455 836,298
1,650,164 1,501,903 1,158,545 1,797,555 2,107,494
1,103,042 894,330 551,191 1,189,263 1,452,508
547,122 607,573 607,354 608,292 654,986
322,771 37,647 4,647,386 716,319 (37,154)
224,351 569,926 (4,040,032) (108,027) 692,140
1,407,922 1,573,349 253,814 1,015,405 560,739
362,241 400,343 286,252 314,729 411,904
360,876 400,288 286,202 314,526 410,755
1,270,032 1,742,932 (4,072,470) 592,649 840,975
1,209,649 1,449,156 (4,102,069) 516,367 536,969
240 240 240 240 240
15.17% 20.00% 0.08% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
4,337,859 (1,147,603) 2,454,422 7,482,073 (2,337,691)
1,083,300 804,466 1,337,586 534,532 916,141
33.16% 40.45% 52.42% 33.84% 31.08%
1.91% 2.49% 3.93% 2.51% 2.86%
10.19% 11.19% -49.02% 5.81% 5.70%
4.22% 5.94% -26.52% 2.13% 2.35%
4.92% 6.45% 1.64% 4.19% 2.45%
0.78% 2.34% -26.12% -0.45% 3.02%
66.84% 59.55% 47.58% 66.16% 68.92%
0.28 0.23 -0.07 0.53 0.49
0.12 0.13 0.20 0.11 0.15
0.26 0.25 1.13 0.31 0.73
5,040.20 6,038.15 -17,091.95 2,151.53 2,237.37
25.21% 22.02% 17.95% 7.81% 6.18%
27.29% 33.08% 54.54% 70.61% 66.41%
17.02% 16.72% 21.71% 14.90% 21.70%
13.06% 7.98% 0.24% 16.84% 13.71%
59.47% 46.77% 46.28% 62.57% 58.00%
140.28% 226.89% 11,384.31% 122.75% 203.59%
32.12% 41.72% 66.62% 34.61% 49.36%
7.19% 7.66% 29.94% 33.85% 25.80%
7.14% 7.66% 21.32% 27.90% 22.23%
3.18% 2.61% 15.27% 19.06% 17.50%
86.16% 11.12% 510.60% 51.32% -2.62%
99.30% 100.00% 71.22% 82.40% 86.17%
41.43% 53.06% 54.10% 36.71% 41.15%
0.09 0.06 0.16 0.06 0.10
49,439.33 53,960.82 34,868.86 37,020.39 39,257.76
0.32 0.15 0.00 0.46 0.33
3.59 -0.79 -0.60 14.49 -4.35
(Thousand Rupees) PAK KUWAIT INVESTMENT CO.
79
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provisions against advances
8.Advances net of provisions (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after provisions) to total assets(D5/C)
7.Markup/interest expenses to markup/interest income (D2/D1)
8.Admin. expenses to profit before tax. (D8/D9) (times)
9.Non-markup/interest expenses to total income D7/(D1+D6)
10.Admin. expenses to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposits C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provision against NPLs to gross advances (C7/C5)
3.NPLs to total equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposits to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E4/D10) (times)
4,241,661 7,140,682 7,253,062 6,524,955 6,676,014
3,241,780 5,841,780 6,141,780 6,141,780 6,141,780
762,309 898,113 1,020,589 444,589 474,801
237,572 400,789 90,693 (61,414) 59,433
(183,590) (72,237) (1,600,269) (207,905) (191,250)
8,751,832 12,562,532 6,519,558 10,099,231 9,915,845
0 0 0 0 0
7,033,571 8,750,370 4,858,821 3,210,806 4,983,790
1,510,250 3,525,000 1,400,000 6,404,711 4,657,690
208,011 287,162 260,737 483,714 274,365
12,809,903 19,630,977 12,172,351 16,416,281 16,400,609
48,313 21,954 42,624 64,312 76,513
21,035 226,459 78,821 108,980 36,324
4,839,307 5,355,534 698,769 1,646,286 1,482,414
3,561,789 8,450,866 5,477,558 6,379,873 6,325,349
3,919,143 5,233,732 5,483,847 8,285,178 8,430,312
328,068 323,641 529,012 1,012,965 1,122,912
81,882 146,018 545,064 944,570 1,019,531
3,837,261 5,087,714 4,938,783 7,340,608 7,410,781
66,774 63,776 52,281 82,960 96,089
435,424 424,674 883,515 793,262 973,139
936,778 1,264,849 1,610,370 1,611,086 1,675,251
604,916 961,746 1,105,089 1,145,347 1,125,259
331,862 303,103 505,281 465,739 549,992
41,944 58,534 505,969 508,620 341,721
289,918 244,569 (688) (42,881) 208,271
133,919 458,539 281,258 (484,130) 214,661
176,034 175,508 218,224 226,215 287,562
146,499 167,691 207,605 222,880 281,965
247,803 527,600 62,346 (753,226) 135,370
294,776 499,021 112,380 (728,107) 151,059
324 584 614,178 614,178 614,178
0.00% 0.00% 0.00% 0.00% 0.00%
0.62% 0.51% 0.00% 0.00% 0.00%
(1,218,891) 2,351,039 (1,787,539) (572,247) (88,345)
1,400,927 2,502,846 2,592,189 2,267,235 1,620,644
35.43% 23.96% 31.38% 28.91% 32.83%
2.59% 1.54% 4.15% 2.84% 3.35%
6.95% 6.99% 1.55% -11.16% 2.26%
2.30% 2.54% 0.92% -4.44% 0.92%
1.05% 2.34% 2.31% -2.95% 1.31%
2.26% 1.25% -0.01% -0.26% 1.27%
64.57% 76.04% 68.62% 71.09% 67.17%
0.59 0.32 3.33 -0.30 2.08
0.16 0.10 0.12 0.20 0.15
1.09 0.37 0.74 -0.46 1.31
909.30 854.23 0.18 -1.19 0.25
0.54% 1.27% 1.00% 1.06% 0.69%
27.80% 43.05% 45.00% 38.86% 38.57%
29.96% 25.92% 40.57% 44.72% 45.19%
11.79% 17.96% 11.50% 39.01% 28.40%
68.32% 63.99% 53.56% 61.52% 60.46%
259.50% 148.47% 391.70% 129.36% 181.00%
45.87% 42.64% 87.62% 86.16% 87.44%
8.37% 6.18% 9.65% 12.23% 13.32%
2.09% 2.79% 9.94% 11.40% 12.09%
7.73% 4.53% 7.29% 15.52% 16.82%
51.22% 40.09% 92.83% 53.85% 33.52%
24.96% 45.12% 103.03% 93.25% 90.79%
33.11% 36.37% 59.59% 39.75% 40.71%
0.33 0.35 0.36 0.35 0.24
13,084.36 12,223.47 11.81 10.62 10.87
0.36 0.49 0.19 0.98 0.70
-4.13 4.71 -15.91 0.79 -0.58
(Thousand Rupees) PAK LIBYA HOLDING COMPANY LIMITED
80
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provisions against advances
8.Advances net of provisions (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after provisions) to total assets(D5/C)
7.Markup/interest expenses to markup/interest income (D2/D1)
8.Admin. expenses to profit before tax. (D8/D9) (times)
9.Non-markup/interest expenses to total income D7/(D1+D6)
10.Admin. expenses to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposits C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provision against NPLs to gross advances (C7/C5)
3.NPLs to total equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposits to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E4/D10) (times)
4,100,155 7,473,460 7,172,413 6,564,920 6,842,896
3,000,000 6,150,000 6,150,000 6,150,000 6,150,000
874,368 924,863 1,017,251 414,920 492,568
225,787 398,597 5,162 0 200,328
(94,508) (112,803) (899,590) (142,019) (106,006)
11,370,406 14,480,188 11,119,791 14,141,838 12,438,099
0 0 0 0 0
7,868,858 11,776,222 7,491,561 8,895,096 6,145,349
3,009,583 2,168,358 3,023,121 4,562,089 5,561,165
491,965 535,608 605,109 684,653 731,585
15,376,053 21,840,845 17,392,614 20,564,739 19,174,989
288,697 25,042 48,548 73,968 70,373
1,455,419 1,641,977 508,560 590,362 660,750
2,825,482 3,706,071 3,137,180 2,846,936 2,454,610
4,172,175 9,052,600 6,996,478 10,775,046 9,143,686
6,147,712 6,964,645 6,074,145 6,440,129 7,055,558
130,065 156,865 333,971 926,015 1,221,006
45,569 132,888 333,971 926,015 1,107,629
6,102,143 6,831,757 5,740,174 5,514,114 5,947,929
72,585 73,887 67,109 62,538 65,082
459,552 509,511 894,565 701,775 832,559
1,208,894 1,616,934 2,038,155 2,319,194 2,224,130
830,342 1,063,943 1,318,404 1,636,815 1,462,002
378,552 552,991 719,751 682,379 762,128
44,469 87,319 253,496 729,674 337,929
334,083 465,672 466,255 (47,295) 424,199
554,480 957,144 (62,050) (359,896) 206,313
223,788 281,068 277,645 246,628 248,755
141,476 193,505 255,846 234,559 240,169
330,692 676,076 126,560 (653,819) 381,757
306,220 523,305 6,453 607,493 277,976
300,000 615,000 615,000 615,000 615,000
0.27% 0.19% 0.00% 0.00% 0.00%
0.00% 0.19% 0.00% 0.00% 0.00%
(955,405) 3,033,513 363,978 52,313 1,810,305
4,146,270 2,622,906 1,440,147 1,134,953 922,413
31.31% 34.20% 35.31% 29.42% 34.27%
2.46% 2.53% 4.14% 3.32% 3.97%
7.47% 7.00% 0.09% 9.25% 4.06%
1.99% 2.40% 0.04% 2.95% 1.45%
3.61% 4.38% -0.36% -1.75% 1.08%
2.17% 2.13% 2.68% -0.23% 2.21%
68.69% 65.80% 64.69% 70.58% 65.73%
0.43 0.29 2.02 -0.36 0.63
0.13 0.11 0.14 0.13 0.10
0.26 0.20 -4.12 -0.65 1.16
1.02 0.85 0.01 0.99 0.45
11.34% 7.63% 3.20% 3.23% 3.81%
27.13% 41.45% 40.23% 52.40% 47.69%
39.69% 31.28% 33.00% 26.81% 31.02%
19.57% 9.93% 17.38% 22.18% 29.00%
73.95% 66.30% 63.93% 68.77% 64.87%
204.27% 321.19% 200.92% 141.17% 126.87%
56.51% 49.95% 57.77% 47.86% 60.27%
2.12% 2.25% 5.50% 14.38% 17.31%
0.74% 1.91% 5.50% 14.38% 15.70%
3.17% 2.10% 4.66% 14.11% 17.84%
97.59% 65.71% 75.90% 78.80% 30.51%
35.04% 84.71% 100.00% 100.00% 90.71%
26.67% 34.22% 41.24% 31.92% 35.69%
1.01 0.35 0.20 0.17 0.13
13.67 12.15 11.66 10.67 11.13
0.73 0.29 0.42 0.69 0.81
-3.12 5.80 56.40 0.09 6.51
(Thousand Rupees) PAK OMAN INVESTMENT COMPANY LIMITED
81
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provisions against advances
8.Advances net of provisions (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after provisions) to total assets(D5/C)
7.Markup/interest expenses to markup/interest income (D2/D1)
8.Admin. expenses to profit before tax. (D8/D9) (times)
9.Non-markup/interest expenses to total income D7/(D1+D6)
10.Admin. expenses to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposits C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provision against NPLs to gross advances (C7/C5)
3.NPLs to total equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposits to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E4/D10) (times)
5,895,582 7,005,332 6,487,342 7,992,320 7,513,182
3,000,000 4,000,000 5,000,000 6,000,000 6,000,000
2,895,582 3,005,332 2,405,925 2,520,384 1,961,641
0 0 (918,583) (528,064) (448,459)
2,496,584 3,092,792 2,107,993 2,086,629 1,786,457
12,054,117 14,923,395 12,538,271 11,132,171 9,095,982
0 0 0 0 0
8,472,457 9,942,496 10,843,443 8,160,658 7,137,934
3,254,500 4,226,536 1,420,000 2,635,848 1,654,902
327,160 754,363 274,828 335,665 303,146
20,446,283 25,021,519 21,133,606 21,211,120 18,395,621
77,322 510,717 24,784 44,579 40,843
181,702 1,969,784 1,302,617 2,538,196 218,336
856,120 1,995,000 1,335,000 2,083,871 454,783
7,901,810 9,907,620 8,602,574 7,403,287 7,527,489
8,602,941 8,014,021 8,176,268 7,594,930 8,375,679
1,137,409 1,330,609 2,600,657 2,619,486 2,788,771
802,358 1,268,390 1,871,691 1,985,406 2,031,675
7,800,583 6,745,631 6,304,577 5,609,524 6,344,004
2,515,638 2,432,780 2,369,627 2,282,313 2,248,888
1,113,108 1,459,987 1,194,427 1,249,350 1,561,278
1,178,521 1,300,002 1,946,874 1,870,370 1,425,414
1,181,968 1,304,677 1,711,056 1,428,082 1,114,353
(3,446) (4,674) 235,818 442,288 311,061
18,423 464,963 643,119 571,641 388,008
(21,869) (469,638) 407,302 (129,353) (76,947)
361,788 677,432 6,950,333 730,913 (68,816)
146,907 173,346 2,134,384 196,267 217,955
146,907 173,089 184,006 196,267 217,223
193,012 34,448 4,408,648 405,193 (363,718)
332,729 54,353 4,426,613 418,904 503,851
300,000 400,000 500,000 600,000 600,000
0.50% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
(830,686) 1,954,674 5,508,473 (809,416) (1,419,490)
5,736,973 6,557,382 6,377,528 6,270,668 5,590,225
-0.29% -0.36% 12.11% 23.65% 21.82%
-0.02% -0.02% 1.12% 2.09% 1.69%
5.64% 0.78% 68.23% 5.24% 6.71%
1.63% 0.22% 20.95% 1.97% 2.74%
1.77% 2.71% 32.89% 3.45% -0.37%
-0.11% -1.88% 1.93% -0.61% -0.42%
100.29% 100.36% 87.89% 76.35% 78.18%
0.76 5.02 0.04 0.48 -0.60
0.10 0.09 0.24 0.08 0.16
0.41 0.26 0.03 0.27 -3.16
1.11 0.14 8.85 0.70 0.84
1.27% 9.91% 6.28% 12.18% 1.41%
38.65% 39.60% 40.71% 34.90% 40.92%
38.15% 26.96% 29.83% 26.45% 34.49%
15.92% 16.89% 6.72% 12.43% 9.00%
58.96% 59.64% 59.33% 52.48% 49.45%
264.34% 189.61% 575.79% 288.14% 506.11%
73.36% 56.56% 66.67% 70.35% 95.26%
13.22% 16.60% 31.81% 34.49% 33.30%
9.33% 15.83% 22.89% 26.14% 24.26%
19.29% 18.99% 40.09% 32.78% 37.12%
2.30% 36.66% 34.36% 28.79% 19.10%
70.54% 95.32% 71.97% 75.79% 72.85%
28.83% 28.00% 30.70% 37.68% 40.84%
0.97 0.94 0.98 0.78 0.74
19.65 17.51 12.97 13.32 12.52
0.55 0.60 0.22 0.33 0.22
-2.50 35.96 1.24 -1.93 -2.82
(Thousand Rupees) SAUDI PAK INDUSTRIAL & AGRI. INV CO. (PVT) LTD.
Financial Statement Analysis of Financial Sector 2010

82

LEASING COMPANIES


Performance at a Glance

Performance of leasing sector in the country has not been encouraging during FY10. Asset base
decreased by 34.5 percent to Rs 36.3 billion in FY10 from Rs 55.5 billion in FY09. The sector showed
losses before and after taxation of Rs.703.3 million & Rs.646.7 million respectively during FY10.

Analysis of Shareholder’s Equity

The shareholders‟ equity of leasing sector
decreased by 36.6 percent in FY10,
dropping from Rs 5.7 billion in FY09 to Rs
3.6 billion in FY10. Decline was also noted
in reserves, which decreased by 33.0 percent
in FY10, from Rs 1.7 billion in FY09 to Rs
1.2 billion in FY10.

Analysis of Liabilities

Total liabilities decreased from Rs.49.9
billion in FY09 to Rs 32.6 billion in FY10
showing a decrease of 34.7 percent. The
long term liabilities comprise of
borrowings from financial and other
institutions (BFI), deposit on finance lease
(DFL) and other miscellaneous liabilities
(MISC). The share composition of BFI,
DFL and MISC was 29.2, 36.7 and 34.1
percent respectively of non-current
liabilities for the year FY10. BFI decreased from Rs 5.6 billion to Rs 5.0 billion in FY10. Similarly,
DFL decreased from Rs 14.3 billion in FY09 to Rs. 6.3 billion in FY10 showing a decline of 56.4
percent.

5.7
4.8
1.7
-0.8
3.6
4.3
1.2
-1.8
-37%
-11%
-33%
-122%
-150%
-100%
-50%
0%
-4.0
-2.0
0.0
2.0
4.0
6.0
8.0
TE SC RV UPL
B
i
l
l
i
o
n

R
s
.
Shareholders' Equity
FY 09 FY 10 Growth%
0%
20%
40%
60%
80%
100%
FY 09 FY 10
5.6
5.0
14.3
6.3
11.0 5.8
Composition of item of non-current liabilities
MISC
DFL
BFI
Billion Rs
Financial Statement Analysis of Financial Sector 2010

83

Current liabilities in FY09 were Rs 18.9
billion, and in FY10 Rs 15.5 billion,
which showed a decline of 17.9 percent.
The ratio of current liabilities to total
liabilities in FY09 and FY10 was 37.8 and
47.6 percent respectively, which indicates
that the share of current liabilities in total
liabilities has increased in FY10.

Analysis of Assets

Total assets of leasing sector were Rs 36.3
billion in FY10 as against Rs 55.5 billion
in FY09, showing a decline of 34.5
percent over the previous year. Net
investment in finance lease contributed
75.0 percent of non-current assets in FY10
reflecting a decrease of 40.6 percent to Rs
12.9 billion in FY10 from Rs 21.8 billion
in FY09. Fixed assets (FA) were 9.4 percent of non-current assets and other/miscellaneous assets were
15.6 percent of non-current assets in FY10. FA declined by 16.4 percent while other/miscellaneous
assets by 35.8 percent in FY10.

Current assets (CA) were Rs 27.5 billion in
FY09 decreased by 30.7 percent to reach
Rs 19.0 billion in FY10. CA constituted
52.4 percent of total assets in FY10 which
were 49.5 percent of total assets in FY09.
Current assets comprise of cash and cash
equivalents (CCE) and other/ misc. current
assets (OCA). CCE at Rs 3.6 billion in
FY09 showed a decline of 43.2 percent to
reach Rs 2.1 billion in FY10. Cash and balances with treasury banks, placement with other banks,
term deposit certificates and other money market placements being components of CCE have shown
decreases of 98.8, 57.1, 21.3 and 39.3 percent respectively in FY10 over FY09. OCA constituted 86.7
percent and 89.1 percent of CA in FY09 & FY10 respectively, showing decline of 28.8 percent.
0%
20%
40%
60%
80%
100%
FY 09 FY 10
31.0
17.1
18.9
15.5
Composition of total liabilities
Current Liabilities
Non-Current
Liabiliteis
Billion Rs
28.0
21.8
2.0
4.2
17.3
13.0
1.6
2.7
-38%
-41%
-16%
-36%
-45%
-40%
-35%
-30%
-25%
-20%
-15%
-10%
-5%
0%
0.0
5.0
10.0
15.0
20.0
25.0
30.0
NCA NIFL FA MISC
B
i
l
l
i
o
n

R
s
.
Non Current Assets
FY 09 FY 10 Growth%
0.0
10.0
20.0
30.0
CA
CCA
OCA
27.5
3.6
23.8
19.0
2.1
17.0
B
i
l
l
o
n

R
s
.
Current Assets
FY 09
FY 10
Financial Statement Analysis of Financial Sector 2010

84


Profitability and operating efficiency

The profit and loss account of leasing sector
indicates that prominent source of revenue
generation is income from lease (IL), which
was Rs. 5.4 billion in FY09 and decreased
by 32.1 percent to Rs 3.7 billion in FY10.
Income from finance lease and operating
lease are components of IL showing
decreases of 35.0 and 18.5 percent
respectively during FY10. Income from investment (II) declined by 29.4 percent whereas other income
(OI) increased by 46.5 percent in FY10. Administrative expenses (AE) at Rs 1.3 billion in FY09
decreased to Rs. 1.0 billion during FY10. Losses before and after taxation were around Rs.703.0
million and Rs. 646.6 million respectively FY10 as compared to Rs 1.5 billion and 1.4 billion during
last year.

Return on equity (ROE), return on
capital employed (ROCE) ,return on
assets (ROA) and return on revenue
(ROR) remained nagative during FY10.



5.4
0.2
0.8
1.3
-1.5 -1.4
3.7
0.1
1.2
1.0
-0.7 -0.6
-32%
-29%
46%
-23%
54% 54%
-40%
-30%
-20%
-10%
0%
10%
20%
30%
40%
50%
60%
-2.0
-1.0
0.0
1.0
2.0
3.0
4.0
5.0
6.0
IL II OI AE PBT PAT
B
i
l
l
i
o
n

R
s
.
Profit & Loss Account
FY 09 FY 10 Growth%
-24.9%
-4.2%
-2.6%
-22.3%
-17.9%
-3.4%
-1.8%
-13.0%
-30.0%
-25.0%
-20.0%
-15.0%
-10.0%
-5.0%
0.0%
ROE ROCE ROA ROR
Profitability Ratios
FY 09
FY 10
Financial Statement Analysis of Financial Sector 2010

85



86
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit/loss
4.Others
B.Total liabilities (B1+ B2)
1.Non-current liabilities (a + b + c)
a.Borrowings from financial and other institutions
b.Deposit on finance lease
c.Other/misc. liabilities
2.Current liabilities
C.Total assets (C1 + C2)
1.Non-current assets (a + b + c)
a.Net investment in finance lease
b.Fixed assets
c.Other/misc. assets
2.Current assets (e + f)
a.Cash and balances with treasury banks
b.Placement with other banks
c.Term deposits certificate
d.Other money market placements
e.Cash & cash equivalent (a + b + c + d)
f.Other/misc. current assets
D.Profit & loss account
1.Income from finance lease
2.Income from operating lease
3.Income from lease (D1 + D2)
4.Income from investments
5.Other income
6.Total income/revenue (D3 to D5)
7.Administrative expenses
8.Profit/(loss) before taxation
9.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D9/A)
2.Return on capital employed (ROCE) (D8/(C-B2))
3.Return on assets (ROA) (D9/C)
4.Return on revenue (ROR) (D9/D6)
5.Lease income to total income (D3/D6)
6.Administrative expenses to profit before tax. (D7/D9) (times)
7.Earning per share (D9/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C2e/C)
2.Net investment in finance lease to total assets (C1a/C)
3.Current assets to current liabilities (C2/B2) (times)
4.Total liabilities to total assets (B/C) (times)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D9) (times)
2.Cash generated from operating activities to current liabilities (E4/B2) (times)
7,599,619 6,835,258 7,080,248 5,699,127 3,613,973
4,809,639 5,000,877 4,460,666 4,782,365 4,264,964
2,330,498 2,921,318 2,410,646 1,735,115 1,161,854
459,482 (1,086,937) 208,936 (818,353) (1,812,845)
(61,707) 292,972 30,256 (97,545) 163,648
56,199,352 57,608,954 56,628,753 49,869,729 32,570,984
30,508,366 32,451,522 36,481,901 30,995,512 17,066,750
5,483,232 6,195,363 6,765,089 5,647,750 4,991,256
11,436,621 12,064,697 16,436,318 14,343,156 6,256,328
13,588,513 14,191,462 13,280,494 11,004,606 5,819,166
25,690,986 25,157,432 20,146,852 18,874,217 15,504,234
63,737,264 64,737,184 63,739,257 55,471,311 36,348,605
36,012,393 36,625,175 35,673,385 27,998,647 17,314,704
26,599,643 27,246,649 29,729,111 21,840,207 12,981,968
1,983,215 2,179,287 2,029,242 1,954,976 1,633,591
7,429,535 7,199,239 3,915,032 4,203,464 2,699,145
27,724,871 28,112,009 28,065,872 27,472,664 19,033,901
1,972,518 222,362 306,799 554,843 6,602
1,677,386 2,285,167 1,166,953 597,845 256,225
1,521,377 2,065,144 719,556 1,627,672 1,281,769
600,028 1,185,922 947,040 864,832 525,124
5,771,309 5,758,595 3,140,348 3,645,192 2,069,720
21,953,562 22,353,414 24,925,524 23,827,472 16,964,181
3,631,680 4,739,085 4,813,303 4,445,437 2,889,515
1,303,184 1,001,255 944,022 936,782 763,287
4,934,864 5,740,340 5,757,325 5,382,219 3,652,802
455,071 152,621 266,823 153,329 108,284
1,049,296 884,695 1,655,426 828,022 1,212,999
6,439,231 6,777,656 7,679,574 6,363,570 4,974,085
1,116,904 1,222,244 1,253,641 1,314,381 1,012,900
851,111 (479,403) 476,818 (1,520,635) (703,306)
716,912 (491,665) 598,955 (1,416,180) (646,665)
933,935 957,667 734,045 478,215 426,475
1,509,669 1,724,576 1,656,175 4,585,308 2,312,215
9.43% -7.19% 8.46% -24.85% -17.89%
2.24% -1.21% 1.09% -4.16% -3.37%
1.12% -0.76% 0.94% -2.55% -1.78%
11.13% -7.25% 7.80% -22.25% -13.00%
76.64% 84.70% 74.97% 84.58% 73.44%
1.56 -2.49 2.09 -0.93 -1.57
0.77 -0.51 0.82 -2.96 -1.52
9.05% 8.90% 4.93% 6.57% 5.69%
41.73% 42.09% 46.64% 39.37% 35.72%
1.08 1.12 1.39 1.46 1.23
0.88 0.89 0.89 0.90 0.90
11.92% 10.56% 11.11% 10.27% 9.94%
8.14 7.14 9.65 11.92 8.47
2.11 -3.51 2.77 -3.24 -3.58
0.06 0.07 0.08 0.24 0.15
(Thousand Rupees) Leasing Companies - Overall
N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A
87
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit/loss
4.Others
B.Total liabilities (B1+ B2)
1.Non-current liabilities (a + b + c)
a.Borrowings from financial and other institutions
b.Deposit on finance lease
c.Other/misc. liabilities
2.Current liabilities
C.Total assets (C1 + C2)
1.Non-current assets (a + b + c)
a.Net investment in finance lease
b.Fixed assets
c.Other/misc. assets
2.Current assets (e + f)
a.Cash and balances with treasury banks
b.Placement with other banks
c.Term deposits certificate
d.Other money market placements
e.Cash & cash equivalent (a + b + c + d)
f.Other/misc. current assets
D.Profit & loss account
1.Income from finance lease
2.Income from operating lease
3.Income from lease (D1 + D2)
4.Income from investments
5.Other income
6.Total income/revenue (D3 to D5)
7.Administrative expenses
8.Profit/(loss) before taxation
9.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D9/A)
2.Return on capital employed (ROCE) (D8/(C-B2))
3.Return on assets (ROA) (D9/C)
4.Return on revenue (ROR) (D9/D6)
5.Lease income to total income (D3/D6)
6.Administrative expenses to profit before tax. (D7/D9) (times)
7.Earning per share (D9/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C2e/C)
2.Net investment in finance lease to total assets (C1a/C)
3.Current assets to current liabilities (C2/B2) (times)
4.Total liabilities to total assets (B/C) (times)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D9) (times)
2.Cash generated from operating activities to current liabilities (E4/B2) (times)
253,005 268,470 259,238 202,112 101,581
200,000 200,000 200,000 215,000 215,000
55,534 58,625 58,625 58,625 58,625
(2,529) 9,845 613 (71,513) (172,044)
0 21,019 19,969 18,970 18,022
1,302,664 1,446,071 1,293,288 852,115 554,619
748,138 915,190 798,343 262,733 43,384
357,458 438,833 372,353 96,968 4,796
281,258 346,499 369,898 141,555 33,888
109,422 129,858 56,092 24,210 4,700
554,526 530,881 494,945 589,382 511,235
1,555,669 1,735,560 1,572,495 1,073,197 674,222
950,505 1,003,690 881,707 289,847 144,025
908,644 926,087 773,432 189,313 67,666
30,532 58,699 92,123 89,373 65,676
11,329 18,904 16,152 11,161 10,683
605,164 731,870 690,788 783,350 530,197
34,682 15 21 36 30
550,784 4,569 20,793 16,199 14,000
222 0 0 0 0
244 697,012 641,375 763,478 512,481
585,932 701,596 662,189 779,713 526,511
19,232 30,274 28,599 3,637 3,686
139,067 145,189 129,584 91,969 50,634
221 0 8,317 3,415 5,425
139,288 145,189 137,901 95,384 56,059
1,875 0 0 0 0
140,416 17,507 15,055 10,931 10,361
281,579 162,696 152,956 106,315 66,420
26,393 31,842 38,556 36,188 27,767
24,728 23,250 (9,571) (74,578) (118,232)
14,007 15,458 (10,283) (56,520) (101,478)
20,000 20,000 20,000 21,500 21,500
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
17,837 (167,344) 171,193 (24,336) (24,634)
5.54% 5.76% -0.04% -27.96% -99.90%
2.47% 1.93% -0.01% -15.41% -72.54%
0.90% 0.89% -0.01% -5.27% -15.05%
4.97% 9.50% -0.07% -53.16% -152.78%
49.47% 89.24% 0.90% 89.72% 84.40%
1.88 2.06 -3.75 -0.64 -0.27
0.70 0.77 -0.51 -2.63 -4.72
37.66% 40.42% 0.42% 72.65% 78.09%
58.41% 53.36% 0.49% 17.64% 10.04%
1.09 1.38 1.40 1.33 1.04
0.84 0.83 0.82 0.79 0.82
16.26% 15.47% 0.17% 18.83% 15.07%
12.65 13.42 12.96 9.40 4.72
1.27 -10.83 -16.65 0.43 0.24
0.03 -0.32 0.35 -0.04 -0.05
(Thousand Rupees) Grays Leasing Limited
88
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit/loss
4.Others
B.Total liabilities (B1+ B2)
1.Non-current liabilities (a + b + c)
a.Borrowings from financial and other institutions
b.Deposit on finance lease
c.Other/misc. liabilities
2.Current liabilities
C.Total assets (C1 + C2)
1.Non-current assets (a + b + c)
a.Net investment in finance lease
b.Fixed assets
c.Other/misc. assets
2.Current assets (e + f)
a.Cash and balances with treasury banks
b.Placement with other banks
c.Term deposits certificate
d.Other money market placements
e.Cash & cash equivalent (a + b + c + d)
f.Other/misc. current assets
D.Profit & loss account
1.Income from finance lease
2.Income from operating lease
3.Income from lease (D1 + D2)
4.Income from investments
5.Other income
6.Total income/revenue (D3 to D5)
7.Administrative expenses
8.Profit/(loss) before taxation
9.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D9/A)
2.Return on capital employed (ROCE) (D8/(C-B2))
3.Return on assets (ROA) (D9/C)
4.Return on revenue (ROR) (D9/D6)
5.Lease income to total income (D3/D6)
6.Administrative expenses to profit before tax. (D7/D9) (times)
7.Earning per share (D9/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C2e/C)
2.Net investment in finance lease to total assets (C1a/C)
3.Current assets to current liabilities (C2/B2) (times)
4.Total liabilities to total assets (B/C) (times)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D9) (times)
2.Cash generated from operating activities to current liabilities (E4/B2) (times)
516,477 56,915 (123,617) (177,685) (177,685)
487,750 487,750 487,750 487,750 487,750
28,727 28,727 (430,835) (611,367) (611,367)
0 (459,562) (180,532) (54,068) (54,068)
0 0 0 0 0
434,199 550,901 397,892 275,332 275,332
111,495 142,983 91,084 24,153 24,153
0 0 0 0 0
65,327 56,901 26,722 13,269 13,269
46,168 86,082 64,362 10,884 10,884
322,704 407,918 306,808 251,179 251,179
950,676 607,816 274,275 97,647 97,647
483,451 412,853 96,370 48,463 48,463
124,156 79,350 24,756 21,894 21,894
144,423 126,230 70,679 25,693 25,693
214,872 207,273 935 876 876
467,225 194,963 177,905 49,184 49,184
45,502 8,019 11,623 6,385 6,385
102,798 74,238 61,184 17,583 17,583
83,646 71,653 79,275 65 65
0 0 0 0 0
231,946 153,910 152,082 24,033 24,033
235,279 41,053 25,823 25,151 25,151
28,044 41,166 41,251 21,155 21,155
37,921 25,448 11,692 6,465 6,465
65,965 66,614 52,943 27,620 27,620
59,908 32,028 79,433 82,693 82,693
157 1,116 2,070 2,322 2,322
126,030 99,758 134,446 112,635 112,635
44,536 49,087 43,811 35,487 35,487
23,174 (420,913) (179,860) (54,054) (54,054)
24,286 (429,336) (180,532) (54,068) (54,068)
48,775 48,775 48,755 48,755 48,755
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
(76,069) (122,319) (183,700) (4,857) (4,857)
4.70% -754.35% 1.46% 30.43% 30.43%
3.69% -210.56% 5.53% 35.21% 35.21%
2.55% -70.64% -0.66% -55.37% -55.37%
19.27% -430.38% -1.34% -48.00% -48.00%
52.34% 66.78% 0.39% 24.52% 24.52%
1.83 -0.11 -0.24 -0.66 -0.66
0.50 -8.80 -3.70 -1.11 -1.11
24.40% 25.32% 0.55% 24.61% 24.61%
13.06% 13.05% 0.09% 22.42% 22.42%
1.45 0.48 0.58 0.20 0.20
0.46 0.91 1.45 2.82 2.82
54.33% 9.36% -0.45% -181.97% -181.97%
10.59 1.17 -2.54 -3.64 -3.64
-3.13 0.28 1.02 0.09 0.09
-0.24 -0.30 -0.60 -0.02 -0.02
(Thousand Rupees) Natover Lease & Refinance Limited
89
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit/loss
4.Others
B.Total liabilities (B1+ B2)
1.Non-current liabilities (a + b + c)
a.Borrowings from financial and other institutions
b.Deposit on finance lease
c.Other/misc. liabilities
2.Current liabilities
C.Total assets (C1 + C2)
1.Non-current assets (a + b + c)
a.Net investment in finance lease
b.Fixed assets
c.Other/misc. assets
2.Current assets (e + f)
a.Cash and balances with treasury banks
b.Placement with other banks
c.Term deposits certificate
d.Other money market placements
e.Cash & cash equivalent (a + b + c + d)
f.Other/misc. current assets
D.Profit & loss account
1.Income from finance lease
2.Income from operating lease
3.Income from lease (D1 + D2)
4.Income from investments
5.Other income
6.Total income/revenue (D3 to D5)
7.Administrative expenses
8.Profit/(loss) before taxation
9.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D9/A)
2.Return on capital employed (ROCE) (D8/(C-B2))
3.Return on assets (ROA) (D9/C)
4.Return on revenue (ROR) (D9/D6)
5.Lease income to total income (D3/D6)
6.Administrative expenses to profit before tax. (D7/D9) (times)
7.Earning per share (D9/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C2e/C)
2.Net investment in finance lease to total assets (C1a/C)
3.Current assets to current liabilities (C2/B2) (times)
4.Total liabilities to total assets (B/C) (times)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D9) (times)
2.Cash generated from operating activities to current liabilities (E4/B2) (times)
2,324,630 2,378,881 2,603,868 2,077,910 2,016,356
694,785 694,785 694,785 820,528 820,529
1,267,596 1,684,096 1,576,899 1,052,604 1,195,827
362,249 0 332,184 204,778 0
0 0 0 0 0
21,412,749 23,777,103 25,211,112 25,245,296 21,762,670
12,027,331 14,592,625 20,175,342 17,807,230 12,963,244
1,035,300 1,035,300 3,602,959 3,864,826 3,186,110
5,077,620 6,179,578 9,913,743 8,100,984 4,543,263
5,914,411 7,377,747 6,658,640 5,841,420 5,233,871
9,385,418 9,184,478 5,035,770 7,438,066 8,799,426
23,737,379 26,155,984 27,814,980 27,323,206 23,779,026
14,150,288 16,003,111 15,876,126 13,465,632 11,918,496
7,938,095 9,559,458 13,169,849 9,828,123 9,130,304
766,652 751,180 832,333 1,121,881 1,075,338
5,445,541 5,692,473 1,873,944 2,515,628 1,712,854
9,587,091 10,152,873 11,938,854 13,857,574 11,860,530
1,058,439 42,231 207,557 528,227 0
0 0 0 0 128,632
471,765 498,383 261,519 1,467,281 1,216,429
0 0 0 0 0
1,530,204 540,614 469,076 1,995,508 1,345,061
8,056,887 9,612,259 11,469,778 11,862,066 10,515,469
1,582,008 2,174,914 2,378,393 2,374,476 2,066,884
446,630 500,545 535,434 589,621 625,848
2,028,638 2,675,459 2,913,827 2,964,097 2,692,732
36,815 23,191 33,330 83,641 70,258
245,545 234,426 504,110 475,772 994,309
2,310,998 2,933,076 3,451,267 3,523,510 3,757,299
351,303 412,423 516,826 651,523 599,756
454,792 395,579 351,609 (428,715) 125,956
396,292 334,079 266,609 (467,096) 104,784
232,463 237,888 69,478 82,053 82,053
35.00% 35.00% 15.00% 0.00% 0.00%
0.00% 0.00% 15.00% 0.00% 0.00%
1,637,009 2,174,548 549,478 2,690,983 945,394
17.05% 14.04% 0.10% -22.48% 5.20%
3.17% 2.33% 0.02% -2.16% 0.84%
1.67% 1.28% 0.01% -1.71% 0.44%
17.15% 11.39% 0.08% -13.26% 2.79%
87.78% 91.22% 0.84% 84.12% 71.67%
0.89 1.23 1.94 -1.39 5.72
1.70 1.40 3.84 -5.69 1.28
6.45% 2.07% 0.02% 7.30% 5.66%
33.44% 36.55% 0.47% 35.97% 38.40%
1.02 1.11 2.37 1.86 1.35
0.90 0.91 0.91 0.92 0.92
9.79% 9.09% 0.09% 7.60% 8.48%
10.00 10.00 37.48 25.32 24.57
4.13 6.51 2.06 -5.76 9.02
0.17 0.24 0.11 0.36 0.11
(Thousand Rupees) Orix Leasing Pakistan Limited
90
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit/loss
4.Others
B.Total liabilities (B1+ B2)
1.Non-current liabilities (a + b + c)
a.Borrowings from financial and other institutions
b.Deposit on finance lease
c.Other/misc. liabilities
2.Current liabilities
C.Total assets (C1 + C2)
1.Non-current assets (a + b + c)
a.Net investment in finance lease
b.Fixed assets
c.Other/misc. assets
2.Current assets (e + f)
a.Cash and balances with treasury banks
b.Placement with other banks
c.Term deposits certificate
d.Other money market placements
e.Cash & cash equivalent (a + b + c + d)
f.Other/misc. current assets
D.Profit & loss account
1.Income from finance lease
2.Income from operating lease
3.Income from lease (D1 + D2)
4.Income from investments
5.Other income
6.Total income/revenue (D3 to D5)
7.Administrative expenses
8.Profit/(loss) before taxation
9.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D9/A)
2.Return on capital employed (ROCE) (D8/(C-B2))
3.Return on assets (ROA) (D9/C)
4.Return on revenue (ROR) (D9/D6)
5.Lease income to total income (D3/D6)
6.Administrative expenses to profit before tax. (D7/D9) (times)
7.Earning per share (D9/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C2e/C)
2.Net investment in finance lease to total assets (C1a/C)
3.Current assets to current liabilities (C2/B2) (times)
4.Total liabilities to total assets (B/C) (times)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D9) (times)
2.Cash generated from operating activities to current liabilities (E4/B2) (times)
240,514 244,513 256,702 333,766 346,117
179,350 193,698 193,698 253,698 253,698
61,164 27,410 29,580 32,556 37,041
0 23,405 33,424 47,512 55,378
27,332 26,716 24,871 47,865 44,150
399,611 298,066 282,308 324,924 309,837
210,575 157,982 151,144 227,757 235,872
0 8,582 0 25,000 8,333
134,698 128,636 129,971 161,465 178,168
75,877 20,764 21,173 41,292 49,371
189,036 140,084 131,164 97,167 73,965
667,457 569,295 563,881 706,555 700,104
426,115 313,701 354,788 473,944 447,104
358,144 257,958 303,813 391,013 366,450
55,201 51,530 47,894 82,710 77,532
12,770 4,213 3,081 221 3,122
241,342 255,594 209,093 232,611 253,000
824 0 0 0 0
228,780 236,923 181,497 182,279 6,233
0 0 0 0 1,530
0 0 0 0 0
229,604 236,923 181,497 182,279 7,763
11,738 18,671 27,596 50,332 245,237
0 0 0 0 0
53,425 49,243 49,767 53,666 58,705
53,425 49,243 49,767 53,666 58,705
404 725 703 5,184 4,738
661 1,201 150 349 5,940
54,490 51,169 50,620 59,199 69,383
19,745 24,405 18,028 18,669 19,884
8,025 500 12,164 23,023 32,273
9,416 2,660 10,849 14,878 21,249
17,935 19,370 19,370 25,370 25,370
0.00% 0.00% 0.00% 0.00% 5.00%
6.00% 8.00% 0.00% 0.00% 0.00%
37,140 93,017 7,472 (31,254) 43,228
3.91% 1.09% 0.04% 4.46% 6.14%
1.68% 0.12% 0.03% 3.78% 5.15%
1.41% 0.47% 0.02% 2.11% 3.04%
17.28% 5.20% 0.21% 25.13% 30.63%
98.05% 96.24% 0.98% 90.65% 84.61%
2.10 9.17 1.66 1.25 0.94
0.53 0.14 0.56 0.59 0.84
34.40% 41.62% 0.32% 25.80% 1.11%
53.66% 45.31% 0.54% 55.34% 52.34%
1.28 1.82 1.59 2.39 3.42
0.60 0.52 0.50 0.46 0.44
36.03% 42.95% 0.46% 47.24% 49.44%
13.41 12.62 13.25 13.16 13.64
3.94 34.97 0.69 -2.10 2.03
0.20 0.66 0.06 -0.32 0.58
(Thousand Rupees) Pak-Gulf Leasing Company Limited
91
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit/loss
4.Others
B.Total liabilities (B1+ B2)
1.Non-current liabilities (a + b + c)
a.Borrowings from financial and other institutions
b.Deposit on finance lease
c.Other/misc. liabilities
2.Current liabilities
C.Total assets (C1 + C2)
1.Non-current assets (a + b + c)
a.Net investment in finance lease
b.Fixed assets
c.Other/misc. assets
2.Current assets (e + f)
a.Cash and balances with treasury banks
b.Placement with other banks
c.Term deposits certificate
d.Other money market placements
e.Cash & cash equivalent (a + b + c + d)
f.Other/misc. current assets
D.Profit & loss account
1.Income from finance lease
2.Income from operating lease
3.Income from lease (D1 + D2)
4.Income from investments
5.Other income
6.Total income/revenue (D3 to D5)
7.Administrative expenses
8.Profit/(loss) before taxation
9.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D9/A)
2.Return on capital employed (ROCE) (D8/(C-B2))
3.Return on assets (ROA) (D9/C)
4.Return on revenue (ROR) (D9/D6)
5.Lease income to total income (D3/D6)
6.Administrative expenses to profit before tax. (D7/D9) (times)
7.Earning per share (D9/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C2e/C)
2.Net investment in finance lease to total assets (C1a/C)
3.Current assets to current liabilities (C2/B2) (times)
4.Total liabilities to total assets (B/C) (times)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D9) (times)
2.Cash generated from operating activities to current liabilities (E4/B2) (times)
404,986 435,240 419,363 349,615 299,829
320,000 320,000 320,000 320,000 320,000
84,986 115,240 48,466 48,466 48,466
0 0 50,897 (18,851) (68,637)
0 0 (8,783) 1,649 3,835
1,210,331 1,481,629 1,569,329 1,239,513 685,972
688,594 921,757 895,907 529,821 297,074
515,406 724,182 340,486 98,236 12,659
0 0 181,250 428,318 280,353
173,188 197,575 374,171 3,267 4,062
521,737 559,872 673,422 709,692 388,898
1,615,317 1,916,869 1,979,909 1,590,777 989,636
1,090,526 1,260,940 1,221,954 957,777 470,485
1,040,071 1,206,948 1,146,981 907,451 432,543
12,327 11,240 9,711 13,861 23,402
38,128 42,752 65,262 36,465 14,540
524,791 655,929 757,955 633,000 519,151
14,049 23,705 33,964 36 26
448,157 569,842 31,308 22,411 11,877
0 0 0 0 0
0 0 0 0 0
462,206 593,547 65,272 22,447 11,903
62,585 62,382 692,683 610,553 507,248
(783) 155,282 134,241 104,603 73,469
133,480 272 0 0 1,079
132,697 155,554 134,241 104,603 74,548
0 250 5,663 (4,674) 0
12,678 15,954 15,951 19,268 11,043
145,375 171,758 155,855 119,197 85,591
38,730 46,856 43,631 47,631 44,709
29,872 35,109 2,275 (70,560) (47,388)
24,100 30,667 7,711 (69,748) (49,786)
320,000 320,000 320,000 32,000 32,000
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
(124,499) (102,504) 92,656 236,228 231,733
5.95% 7.05% 0.02% -19.95% -16.60%
2.73% 2.59% 0.00% -8.01% -7.89%
1.49% 1.60% 0.00% -4.38% -5.03%
16.58% 17.85% 0.05% -58.51% -58.17%
91.28% 90.57% 0.86% 87.76% 87.10%
1.61 1.53 5.66 -0.68 -0.90
0.08 0.10 0.02 -2.18 -1.56
28.61% 30.96% 0.03% 1.41% 1.20%
64.39% 62.96% 0.58% 57.04% 43.71%
1.01 1.17 1.13 0.89 1.33
0.75 0.77 0.79 0.78 0.69
25.07% 22.71% 0.21% 21.98% 30.30%
1.27 1.36 1.31 10.93 9.37
-5.17 -3.34 12.02 -3.39 -4.65
-0.24 -0.18 0.14 0.33 0.60
(Thousand Rupees) SME Leasing Limited
92
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit/loss
4.Others
B.Total liabilities (B1+ B2)
1.Non-current liabilities (a + b + c)
a.Borrowings from financial and other institutions
b.Deposit on finance lease
c.Other/misc. liabilities
2.Current liabilities
C.Total assets (C1 + C2)
1.Non-current assets (a + b + c)
a.Net investment in finance lease
b.Fixed assets
c.Other/misc. assets
2.Current assets (e + f)
a.Cash and balances with treasury banks
b.Placement with other banks
c.Term deposits certificate
d.Other money market placements
e.Cash & cash equivalent (a + b + c + d)
f.Other/misc. current assets
D.Profit & loss account
1.Income from finance lease
2.Income from operating lease
3.Income from lease (D1 + D2)
4.Income from investments
5.Other income
6.Total income/revenue (D3 to D5)
7.Administrative expenses
8.Profit/(loss) before taxation
9.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D9/A)
2.Return on capital employed (ROCE) (D8/(C-B2))
3.Return on assets (ROA) (D9/C)
4.Return on revenue (ROR) (D9/D6)
5.Lease income to total income (D3/D6)
6.Administrative expenses to profit before tax. (D7/D9) (times)
7.Earning per share (D9/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C2e/C)
2.Net investment in finance lease to total assets (C1a/C)
3.Current assets to current liabilities (C2/B2) (times)
4.Total liabilities to total assets (B/C) (times)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D9) (times)
2.Cash generated from operating activities to current liabilities (E4/B2) (times)
663,960 653,642 684,097 217,148 (123,738)
430,100 430,100 451,605 451,605 451,605
125,325 136,164 150,857 148,257 148,257
108,535 87,378 81,635 (382,714) (723,600)
(125,984) (15,305) (136,762) (144,934) 25,261
5,481,683 5,899,994 6,888,051 5,830,720 4,569,990
1,854,672 2,028,497 2,441,650 2,648,890 1,769,358
100,000 0 0 0 632,000
847,557 846,942 1,070,376 876,653 692,925
907,115 1,181,555 1,371,274 1,772,237 444,433
3,627,011 3,871,497 4,446,401 3,181,830 2,800,632
6,019,659 6,538,331 7,435,386 5,902,934 4,471,513
2,254,738 2,610,090 3,313,267 2,233,638 1,408,863
1,789,012 2,281,114 2,941,966 1,880,876 1,069,278
84,379 208,861 256,383 260,795 119,283
381,347 120,115 114,918 91,967 220,302
3,764,921 3,928,241 4,122,119 3,669,296 3,062,650
164,162 306 49,704 14,125 30
215,919 955,381 419,779 108,866 18,511
25,583 407,294 11,250 1,013 1,297
0 0 0 0 0
405,664 1,362,981 480,733 124,004 19,838
3,359,257 2,565,260 3,641,386 3,545,292 3,042,812
401,253 442,389 479,905 437,132 277,855
18,573 38,237 74,835 62,221 25,474
419,826 480,626 554,740 499,353 303,329
0 0 0 0 0
223,532 241,056 316,561 177,970 132,554
643,358 721,682 871,301 677,323 435,883
94,716 100,664 105,283 112,291 97,227
103,939 70,698 90,865 (527,197) (419,636)
92,939 54,198 73,465 (458,059) (342,754)
43,010 43,010 45,160 45,160 45,160
15.00% 10.00% 0.00% 0.00% 0.00%
0.00% 0.05% 0.00% 0.00% 0.00%
(420,937) (618,070) (240,840) 823,319 930,274
14.00% 8.29% 0.11% -210.94% 277.00%
4.34% 2.65% 0.03% -19.37% -25.11%
1.54% 0.83% 0.01% -7.76% -7.67%
14.45% 7.51% 0.08% -67.63% -78.63%
65.26% 66.60% 0.64% 73.72% 69.59%
1.02 1.86 1.43 -0.25 -0.28
2.16 1.26 1.63 -10.14 -7.59
6.74% 20.85% 0.07% 2.10% 0.44%
29.72% 34.89% 0.40% 31.86% 23.91%
1.04 1.01 0.93 1.15 1.09
0.91 0.90 0.93 0.99 1.02
11.03% 10.00% 0.09% 3.68% -2.77%
15.44 15.20 15.15 4.81 -2.74
-4.53 -11.40 -3.28 -1.80 -2.71
-0.12 -0.16 -0.05 0.26 0.33
(Thousand Rupees) Saudi Pak Leasing Company Limited
93
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit/loss
4.Others
B.Total liabilities (B1+ B2)
1.Non-current liabilities (a + b + c)
a.Borrowings from financial and other institutions
b.Deposit on finance lease
c.Other/misc. liabilities
2.Current liabilities
C.Total assets (C1 + C2)
1.Non-current assets (a + b + c)
a.Net investment in finance lease
b.Fixed assets
c.Other/misc. assets
2.Current assets (e + f)
a.Cash and balances with treasury banks
b.Placement with other banks
c.Term deposits certificate
d.Other money market placements
e.Cash & cash equivalent (a + b + c + d)
f.Other/misc. current assets
D.Profit & loss account
1.Income from finance lease
2.Income from operating lease
3.Income from lease (D1 + D2)
4.Income from investments
5.Other income
6.Total income/revenue (D3 to D5)
7.Administrative expenses
8.Profit/(loss) before taxation
9.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D9/A)
2.Return on capital employed (ROCE) (D8/(C-B2))
3.Return on assets (ROA) (D9/C)
4.Return on revenue (ROR) (D9/D6)
5.Lease income to total income (D3/D6)
6.Administrative expenses to profit before tax. (D7/D9) (times)
7.Earning per share (D9/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C2e/C)
2.Net investment in finance lease to total assets (C1a/C)
3.Current assets to current liabilities (C2/B2) (times)
4.Total liabilities to total assets (B/C) (times)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D9) (times)
2.Cash generated from operating activities to current liabilities (E4/B2) (times)
479,440 603,561 592,370 215,787 59,449
392,000 513,000 475,500 438,028 438,028
68,605 76,506 118,867 118,867 118,867
18,835 14,055 (1,997) (341,108) (497,446)
(73,696) (33,407) 23,776 22,547 21,319
4,364,808 4,830,329 4,961,128 3,727,834 2,668,937
2,108,610 2,461,165 2,632,668 1,812,607 1,432,902
1,402,468 1,518,750 1,602,207 1,157,747 1,147,358
706,142 939,829 1,027,875 654,860 285,544
0 2,586 2,586 0 0
2,256,198 2,369,164 2,328,460 1,915,227 1,236,035
4,770,552 5,400,483 5,577,274 3,966,168 2,749,705
2,493,990 3,001,377 3,108,830 2,010,853 1,114,513
1,924,767 2,467,054 2,302,632 1,222,343 494,912
221,794 209,844 246,681 204,684 161,314
347,429 324,479 559,517 583,826 458,287
2,276,562 2,399,106 2,468,444 1,955,315 1,635,192
103,460 39,110 60 0 34
0 0 38,634 3,750 2,517
93,157 20,743 4,814 680 1,305
420,969 396,770 305,665 101,354 12,643
617,586 456,623 349,173 105,784 16,499
1,658,976 1,942,483 2,119,271 1,849,531 1,618,693
235,206 380,357 383,218 321,161 149,924
61,185 60,307 58,595 46,438 21,398
296,391 440,664 441,813 367,599 171,322
0 0 0 (108,625) (49,674)
213,625 146,166 556,615 (60,802) 8,467
510,016 586,830 998,428 198,172 130,115
65,895 78,817 89,305 99,937 93,118
114,904 48,856 (10,039) (468,114) (287,286)
108,021 40,258 211,810 (357,797) (273,954)
39,200 51,300 47,550 43,802 43,802
10.00% 9.10% 9.10% 0.00% 0.00%
43.00% 0.00% 0.00% 0.00% 0.00%
(883,353) (286,125) 152,826 57,319 201,632
22.53% 6.67% 0.36% -165.81% -460.82%
4.57% 1.61% 0.00% -22.82% -18.98%
2.26% 0.75% 0.04% -9.02% -9.96%
21.18% 6.86% 0.21% -180.55% -210.55%
58.11% 75.09% 0.44% 185.49% 131.67%
0.61 1.96 0.42 -0.28 -0.34
2.76 0.78 4.45 -8.17 -6.25
12.95% 8.46% 0.06% 2.67% 0.60%
40.35% 45.68% 0.41% 30.82% 18.00%
1.01 1.01 1.06 1.02 1.32
0.91 0.89 0.89 0.94 0.97
10.05% 11.18% 0.11% 5.44% 2.16%
12.23 11.77 12.46 4.93 1.36
-8.18 -7.11 0.72 -0.16 -0.74
-0.39 -0.12 0.07 0.03 0.16
(Thousand Rupees) Security Leasing Corporation Limited
94
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit/loss
4.Others
B.Total liabilities (B1+ B2)
1.Non-current liabilities (a + b + c)
a.Borrowings from financial and other institutions
b.Deposit on finance lease
c.Other/misc. liabilities
2.Current liabilities
C.Total assets (C1 + C2)
1.Non-current assets (a + b + c)
a.Net investment in finance lease
b.Fixed assets
c.Other/misc. assets
2.Current assets (e + f)
a.Cash and balances with treasury banks
b.Placement with other banks
c.Term deposits certificate
d.Other money market placements
e.Cash & cash equivalent (a + b + c + d)
f.Other/misc. current assets
D.Profit & loss account
1.Income from finance lease
2.Income from operating lease
3.Income from lease (D1 + D2)
4.Income from investments
5.Other income
6.Total income/revenue (D3 to D5)
7.Administrative expenses
8.Profit/(loss) before taxation
9.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D9/A)
2.Return on capital employed (ROCE) (D8/(C-B2))
3.Return on assets (ROA) (D9/C)
4.Return on revenue (ROR) (D9/D6)
5.Lease income to total income (D3/D6)
6.Administrative expenses to profit before tax. (D7/D9) (times)
7.Earning per share (D9/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C2e/C)
2.Net investment in finance lease to total assets (C1a/C)
3.Current assets to current liabilities (C2/B2) (times)
4.Total liabilities to total assets (B/C) (times)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D9) (times)
2.Cash generated from operating activities to current liabilities (E4/B2) (times)
355,586 369,474 331,993 306,303 313,321
300,000 300,000 300,000 300,000 300,000
55,586 50,946 61,861 61,862 63,209
0 18,528 (29,868) (55,559) (49,888)
55,447 55,320 55,194 40,476 54,953
1,033,146 1,206,344 982,953 632,691 163,218
603,195 580,937 479,120 315,918 70,515
287,500 245,820 141,667 33,333 0
440 2,412 1,739 1,077 397
315,255 332,705 335,714 281,508 70,118
429,951 625,407 503,833 316,773 92,703
1,444,179 1,631,138 1,370,140 979,470 531,492
849,597 832,503 627,911 361,974 201,727
759,134 743,642 541,329 278,688 119,243
85,563 87,703 85,513 82,337 81,654
4,900 1,158 1,069 949 830
594,582 798,635 742,229 617,496 329,765
7,847 61 58 67 65
0 28,172 73,089 97,559 48,354
0 103,133 163,257 137,332 60,118
0 0 0 0 0
7,847 131,366 236,404 234,958 108,537
586,735 667,269 505,825 382,538 221,228
94,757 134,262 123,397 84,095 43,171
25,276 1,040 11,100 5,192 184
120,033 135,302 134,497 89,287 43,355
0 0 0 0 0
9,361 21,456 22,261 10,540 31,844
129,394 156,758 156,758 99,827 75,199
15,633 19,641 23,854 24,054 24,326
43,395 68,424 58,147 (74,417) (486)
42,177 60,684 54,580 (67,860) 6,736
30,000 30,000 30,000 30,000 30,000
12.00% 16.00% 11.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
(287,745) 5,867 377,294 325,976 210,019
11.86% 16.42% 0.16% -22.15% 2.15%
4.28% 6.80% 0.07% -11.23% -0.11%
2.92% 3.72% 0.04% -6.93% 1.27%
32.60% 38.71% 0.35% -67.98% 8.96%
92.77% 86.31% 0.86% 89.44% 57.65%
0.37 0.32 0.44 -0.35 3.61
1.41 2.02 1.82 -2.26 0.22
0.54% 8.05% 0.17% 23.99% 20.42%
52.57% 45.59% 0.40% 28.45% 22.44%
1.38 1.28 1.47 1.95 3.56
0.72 0.74 0.72 0.65 0.31
24.62% 22.65% 0.24% 31.27% 58.95%
11.85 12.32 11.07 10.21 10.44
-6.82 0.10 6.91 -4.80 31.18
-0.67 0.01 0.75 1.03 2.27
(Thousand Rupees) Sigma Leasing Corporation Limited
95
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit/loss
4.Others
B.Total liabilities (B1+ B2)
1.Non-current liabilities (a + b + c)
a.Borrowings from financial and other institutions
b.Deposit on finance lease
c.Other/misc. liabilities
2.Current liabilities
C.Total assets (C1 + C2)
1.Non-current assets (a + b + c)
a.Net investment in finance lease
b.Fixed assets
c.Other/misc. assets
2.Current assets (e + f)
a.Cash and balances with treasury banks
b.Placement with other banks
c.Term deposits certificate
d.Other money market placements
e.Cash & cash equivalent (a + b + c + d)
f.Other/misc. current assets
D.Profit & loss account
1.Income from finance lease
2.Income from operating lease
3.Income from lease (D1 + D2)
4.Income from investments
5.Other income
6.Total income/revenue (D3 to D5)
7.Administrative expenses
8.Profit/(loss) before taxation
9.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D9/A)
2.Return on capital employed (ROCE) (D8/(C-B2))
3.Return on assets (ROA) (D9/C)
4.Return on revenue (ROR) (D9/D6)
5.Lease income to total income (D3/D6)
6.Administrative expenses to profit before tax. (D7/D9) (times)
7.Earning per share (D9/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C2e/C)
2.Net investment in finance lease to total assets (C1a/C)
3.Current assets to current liabilities (C2/B2) (times)
4.Total liabilities to total assets (B/C) (times)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D9) (times)
2.Cash generated from operating activities to current liabilities (E4/B2) (times)
506,969 272,359 209,098 736,138 778,743
391,342 391,342 391,342 978,354 978,354
94,407 94,407 94,407 94,408 102,929
21,220 (213,390) (276,651) (336,624) (302,540)
(7,175) 5,063 (853) (3,893) (3,892)
3,762,381 2,518,434 1,543,716 1,269,281 1,580,409
2,503,639 1,272,300 460,871 304,736 230,248
883,795 386,667 66,667 0 0
664,728 445,554 285,129 201,334 228,521
955,116 440,079 109,075 103,402 1,727
1,258,742 1,246,134 1,082,845 964,545 1,350,161
4,262,175 2,795,856 1,751,961 2,001,526 2,355,260
2,601,540 1,531,166 811,401 1,292,056 1,561,028
2,304,450 1,237,142 567,724 1,043,785 1,279,678
21,886 7,735 9,618 6,734 3,699
275,204 286,289 234,059 241,537 277,651
1,660,635 1,264,690 940,560 709,470 794,232
89,370 11,245 7 7 32
170 170 5,040 5,287 8,518
0 0 14,698 5,741 1,025
0 0 0 0 0
89,540 11,415 19,745 11,035 9,575
1,571,095 1,253,275 920,815 698,435 784,657
4,154 3,288 0 0 206,423
353,075 264,060 150,715 165,421 18,709
357,229 267,348 150,715 165,421 225,132
3,593 102 7,493 0 269
38,426 37,341 23,297 14,464 16,159
399,248 304,791 181,505 179,885 241,560
69,460 71,459 48,561 53,833 70,626
(12,017) (394,651) (56,738) (56,552) 65,547
346 (234,609) (63,262) (59,973) 42,606
39,134 39,134 39,134 97,835 97,835
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
514,634 1,041,962 605,369 (434,775) (220,574)
0.07% -86.14% -0.30% -8.15% 5.47%
-0.40% -25.47% -0.09% -5.45% 6.52%
0.01% -8.39% -0.04% -3.00% 1.81%
0.09% -76.97% -0.35% -33.34% 17.64%
89.48% 87.72% 0.83% 91.96% 93.20%
200.75 -0.30 -0.77 -0.90 1.66
0.01 -6.00 -1.62 -0.61 0.44
2.10% 0.41% 0.01% 0.55% 0.41%
54.07% 44.25% 0.32% 52.15% 54.33%
1.32 1.01 0.87 0.74 0.59
0.88 0.90 0.88 0.63 0.67
11.89% 9.74% 0.12% 36.78% 33.06%
12.95 6.96 5.34 7.52 7.96
1,487.38 -4.44 -9.57 7.25 -5.18
0.41 0.84 0.56 -0.45 -0.16
(Thousand Rupees) Standard Chartered Leasing Limited
Financial Statement Analysis of Financial Sector 2010

96

INVESTMENT BANKS

Performance at a Glance

Analysis of the investment banks revealed that their balance sheet size contracted by 22.7 percent in
FY10 over FY09. The aggregate share capital increased by 3.6 percent. Losses before and after tax
have been Rs. 1.8 billion and Rs. 1.5 billion respectively. Gross revenue witnessed an increase of 9.5
percent during FY10.

Analysis of shareholders’ equity

Total shareholders‟ equity (SE) was Rs
3.9 billion in FY09 and Rs 4.8 billion in
FY10. This shows that SE increased by
23.2 percent in FY10 over FY09. The
volume of Share Capital (SC) was Rs
9.5 billion in FY09 which increased by
around 4 percent in FY10 to reach Rs
9.8 billion.


Analysis of liabilities

Total liabilities decreased from Rs 32.7 billion in FY09 to Rs 23.3 billion in FY10 witnessing a
decline of 28.9 percent. Share
composition of current liabilities and
non-current liabilities to total liabilities
was 76.0 and 24.0 percent in FY10 and
68.7 and 31.3 percent in FY09. In
FY10, current liabilities constituted
almost three fourth shares of the total
liabilities. Current liabilities were
however Rs 22.5 billion in FY09
decreased by 21.2 percent to reach Rs
17.7 billion in FY10.

23%
4%
9%
10%
0%
5%
10%
15%
20%
25%
-10.0
-5.0
0.0
5.0
10.0
15.0
TE SC RV UPL
B
i
l
l
i
o
n

R
s
.
Shareholders' Equity
CY 09 CY 10 Growth%
0%
20%
40%
60%
80%
100%
CY 09 CY 10
22.5
17.7
10.3
5.6
Components of total liabilities
Non-
Current
Liabilities
Current
Liabilites
Financial Statement Analysis of Financial Sector 2010

97

Analysis of assets

Total assets declined by 22.7 percent during
FY10. In absolute terms it decreased from
Rs 36.4 billion in FY09 to Rs 28.2 billion in
FY10. Total current assets were Rs 22.4
billion in FY09 and Rs 18.9 billion in FY10,
showing a decline of 15.4 percent . Cash and
bank balances were Rs 0.9 billion in FY09
and Rs 1.0 billion in FY10, showing a
growth of 17.0 percent. Other current assets were Rs 21.5 billion and Rs 17.9 billion in FY09 and
FY10, reflecting a decrease of 16.8 percent.

Total non-current assets were Rs 9.3 billion
in FY10 and Rs 14.1 billion in FY09;
showing a decline of 34.2 percent in FY10
over FY09. The main constituent was long-
term investments which was 33.7 percent of
non current assets and 11.1 percent of total
assets in FY10. Long-term investments at Rs
3.8 billion in FY09 with a decline in growth
of 17.1 percent, reached Rs 3.1 billion in
FY10. Fixed assets formation in investment banks were 2.4 billion in FY09 and 1.3 billion in FY10.

Profitability and operating efficiency

Gross revenue increased by 9.5 percent to Rs
3.1 billion in FY10 from Rs 2.8 billion in
FY09. The operating expenses consist of
administrative and other general expenses
showed an increase of 54.3 percent in FY10.
Operating profit at Rs 1.5 billion with a
decline of 15.2 percent in FY10 as against
Rs 1.8 billion in FY09. Operating profit constituted 64.5 percent and 49.9 percent of Gross revenue in
FY09 and FY10 respectively. Finance cost decreased by 28.7 percent to reach Rs 2.3 billion in FY10
22.4
0.9
21.5
18.9
1.0
17.9
0.0
5.0
10.0
15.0
20.0
25.0
Current Assets
(CA)
Cash & Bank Bal. Other CA
B
i
l
l
i
o
n

R
s
.
Current Assets
CY 09
CY 10
14.1
2.4
3.8
8.0
9.3
1.3
3.1
4.8
-34%
-45%
-17%
-39%
-50%
-45%
-40%
-35%
-30%
-25%
-20%
-15%
-10%
-5%
0%
0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
16.0
Non-Current
Assets
Fixed Assets Long Trem
Invt.
Other NCA
B
i
l
l
i
o
n

R
s
.
Non- Current Assets
CY 09 CY 10 Growth%
2.8
1.0
1.8
3.3
-5.0
-4.1
3.1
1.5 1.5
2.3
-1.8
-1.6
10%
54%
-15%
-29%
64%
62%
-40%
-20%
0%
20%
40%
60%
80%
-6.0
-5.0
-4.0
-3.0
-2.0
-1.0
0.0
1.0
2.0
3.0
4.0
GR AMIN OP FC PBT PAT
B
i
l
l
i
o
n

R
s
.
Profit & Loss Account
CY 09 CY 10 Growth%
Financial Statement Analysis of Financial Sector 2010

98

from Rs 3.3 billion in FY09. Losses of investment banks before taxes and after taxes were Rs 1.8
billion and Rs 1.6 billion respectively in FY10.

Return on equity (ROE), return on capital
employed (ROCE) ,return on assets (ROA) and
return on revenue (ROR) remained negative in
FY10.

-105.2%
-36.1%
-11.2%
-144.7%
-32.7%
-17.3%
-5.5%
-50.5%
-160%
-140%
-120%
-100%
-80%
-60%
-40%
-20%
0%
ROE ROCE ROA ROR
Profitability Ratios
CY 09
CY 10
99
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets (a + b)
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
1.Gross revenue
2.Administartive & operating expenses
3.Operating profit
4.Finance cost
5.Profit/(loss) before taxation
6.Profit/(loss) after taxation
E.Other items
1.No. of shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
2.Return on capital employed (ROCE) (D5/(C-B1))
3.Return on assets (ROA) (D6/C)
4.Return on revenue (ROR) (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Earning per share (D6/E1)
G.Liquidity ratios
1.Current assets to current liabilities (C1/B1) (times)
2.Total liabilities to total assets (B/C) (times)
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
5,155,301 7,500,397 9,526,688 3,861,474 4,756,276
2,586,895 4,338,053 7,625,153 9,472,352 9,809,385
1,605,408 1,916,908 1,752,876 (839,614) (760,544)
962,998 1,245,436 148,659 (4,771,264) (4,292,565)
200,502 7,989 (711,925) (135,740) 141,044
28,271,825 36,518,018 45,556,092 32,722,638 23,278,851
21,864,551 27,018,735 33,856,343 22,467,310 17,698,738
6,407,274 9,499,283 11,699,749 10,255,328 5,580,113
33,627,628 44,026,404 54,370,855 36,448,372 28,176,171
23,816,284 32,933,616 38,590,037 22,359,537 18,907,608
1,498,674 4,926,145 1,792,740 879,937 1,029,379
22,317,610 28,007,471 36,797,297 21,479,600 17,878,229
9,811,344 11,092,788 15,780,818 14,088,835 9,268,563
354,830 800,487 1,651,142 2,357,479 1,303,176
8,297,859 7,902,283 9,118,257 3,765,840 3,121,380
1,158,655 2,390,018 5,011,419 7,965,516 4,844,007
3,838,234 5,554,355 6,599,385 2,808,171 3,075,059
688,830 1,270,194 1,914,881 998,055 1,539,739
3,149,404 4,284,161 4,545,526 1,810,116 1,535,320
1,817,004 2,571,670 2,977,616 3,259,862 2,324,562
902,613 673,562 694,271 (5,043,689) (1,811,734)
829,535 693,041 934,899 (4,063,536) (1,554,038)
249,688 343,804 676,615 857,235 890,939
(1,925,781) 761,062 (1,530,066) (992,255) 3,339,947
16.09% 9.24% 9.81% -105.23% -32.67%
7.67% 3.96% 3.38% -36.08% -17.29%
2.47% 1.57% 1.72% -11.15% -5.52%
21.61% 12.48% 14.17% -144.70% -50.54%
83.04% 183.28% 204.82% -24.56% -99.08%
3.32 2.02 1.38 -4.74 -1.74
1.09 1.22 1.14 1.00 1.07
0.84 0.83 0.84 0.90 0.83
24.68% 17.95% 16.77% 10.33% 11.08%
15.33% 17.04% 17.52% 10.59% 16.88%
20.65 21.82 14.08 4.50 5.34
-2.32 1.10 -1.64 0.24 -2.15
(Thousand Rupees) Investment Banks - Overall
N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A
100
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets (a + b)
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
1.Gross revenue
2.Administartive & operating expenses
3.Operating profit
4.Finance cost
5.Profit/(loss) before taxation
6.Profit/(loss) after taxation
E.Other items
1.No. of shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
2.Return on capital employed (ROCE) (D5/(C-B1))
3.Return on assets (ROA) (D6/C)
4.Return on revenue (ROR) (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Earning per share (D6/E1)
G.Liquidity ratios
1.Current assets to current liabilities (C1/B1) (times)
2.Total liabilities to total assets (B/C) (times)
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
760,269 802,233 851,850 597,403 517,973
441,000 441,000 441,000 441,000 441,000
100,454 126,487 154,050 154,050 154,050
218,815 234,746 256,800 2,353 (77,077)
(15,402) (15,402) (3,533) 7,269 6,824
4,130,890 5,147,829 5,648,593 1,502,971 1,300,221
3,487,924 4,168,563 4,737,057 971,888 876,480
642,966 979,266 911,536 531,083 423,741
4,875,757 5,934,660 6,496,910 2,107,643 1,825,018
4,026,144 5,013,161 5,394,443 1,108,243 849,897
169,720 133,428 306,542 19,478 9,494
3,856,424 4,879,733 5,087,901 1,088,765 840,403
849,613 921,499 1,102,467 999,400 975,121
136,310 143,160 135,383 106,581 90,658
581,132 569,162 556,374 544,938 530,943
132,171 209,177 410,710 347,881 353,520
716,285 841,512 804,919 356,524 182,339
190,467 216,349 238,319 141,833 91,007
525,818 625,163 566,600 214,691 91,332
111,696 163,248 201,267 92,854 32,267
197,955 141,201 94,512 3,803 (79,598)
186,051 130,164 137,817 (166,247) (79,430)
44,100 44,100 44,100 44,100 44,100
20.00% 20.00% 20.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
(513,814) (454,432) 259,937 (124,831) 182,998
24.47% 16.23% 16.18% -27.83% -15.33%
14.26% 8.00% 5.37% 0.33% -8.39%
3.82% 2.19% 2.12% -7.89% -4.35%
25.97% 15.47% 17.12% -46.63% -43.56%
102.37% 166.21% 172.92% -85.31% -114.58%
4.22 2.95 3.13 -3.77 -1.80
1.15 1.20 1.14 1.14 0.97
0.85 0.87 0.87 0.71 0.71
11.92% 9.59% 8.56% 25.86% 29.09%
15.59% 13.52% 13.11% 28.34% 28.38%
17.24 18.19 19.32 13.55 11.75
-2.76 -3.49 1.89 0.75 -2.30
(Thousand Rupees) Escorts Investment Bank
101
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets (a + b)
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
1.Gross revenue
2.Administartive & operating expenses
3.Operating profit
4.Finance cost
5.Profit/(loss) before taxation
6.Profit/(loss) after taxation
E.Other items
1.No. of shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
2.Return on capital employed (ROCE) (D5/(C-B1))
3.Return on assets (ROA) (D6/C)
4.Return on revenue (ROR) (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Earning per share (D6/E1)
G.Liquidity ratios
1.Current assets to current liabilities (C1/B1) (times)
2.Total liabilities to total assets (B/C) (times)
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
498,227 553,901 557,982 808,568 816,442
103,984 119,582 400,000 650,000 650,000
100,150 111,350 114,558 116,089 117,663
294,093 322,969 43,424 42,479 48,779
(5,844) (6,392) (7,800) (22,388) (14,967)
1,271,407 1,510,995 1,179,071 1,014,317 663,249
983,907 1,301,977 1,089,771 1,014,217 533,249
287,500 209,018 89,300 100 130,000
1,763,790 2,058,504 1,729,253 1,800,497 1,464,724
1,129,654 1,279,324 1,000,427 835,328 621,476
16,070 25,187 13,969 31,469 18,898
1,113,584 1,254,137 986,458 803,859 602,578
634,136 779,180 728,826 965,169 843,248
6,308 12,478 9,730 6,943 4,461
514,286 434,867 629,687 788,163 786,088
113,542 331,835 89,409 170,063 52,699
171,119 190,286 178,306 214,296 164,282
25,000 29,860 39,328 46,240 49,064
146,119 160,426 0 168,056 115,218
86,877 102,522 102,461 106,488 81,280
49,566 57,377 24,923 12,751 5,015
47,334 55,673 16,038 7,655 7,874
10,398 11,958 44,100 65,000 65,000
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
(185,945) (208,675) (12,572) 388,496 351,427
9.50% 10.05% 2.87% 0.95% 0.96%
6.36% 7.58% 3.90% 1.62% 0.54%
2.68% 2.71% 0.93% 0.43% 0.54%
27.66% 29.26% 8.99% 3.57% 4.79%
52.82% 53.64% 245.22% 604.05% 623.11%
4.55 4.66 0.36 0.12 0.12
1.15 0.98 0.92 0.82 1.17
0.72 0.73 0.68 0.56 0.45
29.16% 21.13% 36.41% 43.77% 53.67%
28.25% 26.91% 32.27% 44.91% 55.74%
47.92 46.32 12.65 12.44 12.56
-3.93 -3.75 -0.78 50.75 44.63
(Thousand Rupees) First Credit and Investment Bank
102
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets (a + b)
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
1.Gross revenue
2.Administartive & operating expenses
3.Operating profit
4.Finance cost
5.Profit/(loss) before taxation
6.Profit/(loss) after taxation
E.Other items
1.No. of shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
2.Return on capital employed (ROCE) (D5/(C-B1))
3.Return on assets (ROA) (D6/C)
4.Return on revenue (ROR) (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Earning per share (D6/E1)
G.Liquidity ratios
1.Current assets to current liabilities (C1/B1) (times)
2.Total liabilities to total assets (B/C) (times)
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
1,062,270 1,591,618 1,778,996 (403,246) 688,563
323,799 495,251 569,539 626,493 1,342,326
617,572 896,450 1,024,030 258,210 333,745
120,899 199,917 185,427 (1,287,949) (987,508)
160,281 0 0 (115,445) (67,871)
6,869,989 10,626,519 9,285,199 5,655,107 2,527,415
5,437,045 8,829,838 7,102,703 4,339,578 1,309,872
1,432,944 1,796,681 2,182,496 1,315,529 1,217,543
8,092,540 12,218,137 11,064,195 5,136,416 3,148,107
5,283,208 10,069,105 8,667,974 3,444,409 2,291,378
182,149 9,404 33,756 194,340 146,587
5,101,059 10,059,701 8,634,218 3,250,069 2,144,791
2,809,332 2,149,032 2,396,221 1,692,007 856,729
17,195 11,974 62,028 85,681 9,432
2,289,706 1,415,586 1,064,499 410,190 22,961
502,431 721,472 1,269,694 1,196,136 824,336
764,243 1,235,302 1,468,881 235,222 292,791
60,660 72,881 97,377 94,049 99,623
703,583 1,162,421 1,371,504 141,173 193,168
562,596 840,610 980,004 1,128,269 123,891
140,423 178,477 36,112 (1,807,575) 234,253
125,129 179,520 113,655 (1,791,422) 143,423
32,380 49,525 56,954 62,649 134,233
0.00% 0.00% 0.00% 0.00% 0.00%
15.00% 15.00% 10.00% 0.00% 0.00%
(399,771) 846,221 (256,868) (485,352) 1,190,133
11.78% 11.28% 0.06% 444.25% 20.83%
5.29% 5.27% 0.01% -226.84% 12.74%
1.55% 1.47% 0.01% -34.88% 4.56%
16.37% 14.53% 0.08% -761.59% 48.98%
48.48% 40.60% 0.86% -5.25% 69.46%
3.86 3.63 2.00 -28.59 1.07
0.97 1.14 1.22 0.79 1.75
0.85 0.87 0.84 1.10 0.80
28.29% 11.59% 0.10% 7.99% 0.73%
13.13% 13.03% 0.16% -7.85% 21.87%
32.81 32.14 31.24 -6.44 5.13
-3.20 4.71 -2.26 0.27 8.30
(Thousand Rupees) First Dawood Investment Bank
103
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets (a + b)
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
1.Gross revenue
2.Administartive & operating expenses
3.Operating profit
4.Finance cost
5.Profit/(loss) before taxation
6.Profit/(loss) after taxation
E.Other items
1.No. of shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
2.Return on capital employed (ROCE) (D5/(C-B1))
3.Return on assets (ROA) (D6/C)
4.Return on revenue (ROR) (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Earning per share (D6/E1)
G.Liquidity ratios
1.Current assets to current liabilities (C1/B1) (times)
2.Total liabilities to total assets (B/C) (times)
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
645,600 1,067,535 2,244,315 1,869,229 1,669,859
419,175 922,184 2,121,025 2,121,025 2,121,025
194,423 152,506 136,831 136,831 136,831
32,002 (7,155) (13,541) (388,627) (587,997)
(30,605) (17,977) (62,069) (1,767) (37,305)
4,683,040 5,599,458 7,649,150 4,681,192 6,628,135
2,922,252 3,425,647 6,040,538 3,991,601 6,010,492
1,760,788 2,173,811 1,608,612 689,591 617,643
5,298,035 6,649,016 9,831,396 6,548,654 8,260,689
3,417,271 3,975,682 6,997,249 4,018,714 5,777,258
196,978 269,966 849,863 112,664 214,834
3,220,293 3,705,716 6,147,386 3,906,050 5,562,424
1,880,764 2,673,334 2,834,147 2,529,940 2,483,431
40,369 85,573 112,052 88,449 63,024
1,603,403 1,877,310 2,310,472 1,293,943 1,504,621
236,992 710,451 411,623 1,147,548 915,786
510,529 585,990 764,137 769,368 844,201
141,665 207,995 234,108 208,593 187,760
368,864 377,995 530,029 560,775 656,441
337,970 482,873 571,086 643,352 667,449
22,814 (79,267) (45,637) (450,654) (386,417)
31,337 (39,157) (6,386) 375,086 (199,370)
41,917 92,218 212,102 212,102 212,102
0.00% 0.00% 0.00% 0.00% 0.00%
10.00% 0.00% 0.00% 0.00% 0.00%
(52,747) 111,248 (368,225) 157,909 676,242
4.85% -3.67% -0.28% 20.07% -11.94%
0.96% -2.46% -1.20% -17.62% -17.17%
0.59% -0.59% -0.06% 5.73% -2.41%
6.14% -6.68% -0.84% 48.75% -23.62%
452.07% -531.18% -3,665.96% 55.61% -94.18%
0.75 -0.43 -0.03 1.77 -0.94
1.17 1.16 1.16 1.01 0.96
0.88 0.84 0.78 0.71 0.80
30.26% 28.23% 23.50% 19.76% 18.21%
12.19% 16.06% 22.83% 28.54% 20.21%
15.40 11.58 10.58 8.81 7.87
-1.68 -2.84 57.66 0.42 -3.39
(Thousand Rupees) IGI Investment Bank Ltd.
104
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets (a + b)
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
1.Gross revenue
2.Administartive & operating expenses
3.Operating profit
4.Finance cost
5.Profit/(loss) before taxation
6.Profit/(loss) after taxation
E.Other items
1.No. of shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
2.Return on capital employed (ROCE) (D5/(C-B1))
3.Return on assets (ROA) (D6/C)
4.Return on revenue (ROR) (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Earning per share (D6/E1)
G.Liquidity ratios
1.Current assets to current liabilities (C1/B1) (times)
2.Total liabilities to total assets (B/C) (times)
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
(223,870) (257,893) 380,238 853,716 214,273
100,000 100,000 746,424 2,727,669 2,848,669
2,388 2,388 (347,924) (2,022,076) (2,022,076)
(326,258) (360,281) (18,262) 148,123 (612,320)
186,928 214,154 190,476 144,871 17,189
75,074 64,955 1,457,526 6,848,396 4,841,876
74,713 64,659 1,456,235 4,779,208 3,896,071
361 296 1,291 2,069,188 945,805
38,132 21,216 2,028,240 7,846,983 5,073,338
27,987 15,956 1,646,427 5,073,978 3,686,464
210 409 59,435 248,332 483,533
27,777 15,547 1,586,992 4,825,646 3,202,931
10,145 5,260 381,813 2,773,005 1,386,874
1,250 1,109 159,020 946,976 463,409
8,620 4,051 189,738 175,439 128,543
275 100 33,055 1,650,590 794,922
553 3,790 298,511 126,349 636,391
6,584 11,398 211,663 (239,922) 612,798
(6,031) (7,608) 86,848 366,271 23,593
9,311 1,265 88,794 (60,849) 561,067
(51,253) (34,004) (4,521) 175,970 (717,297)
(51,255) (34,022) (19,468) 165,350 (761,121)
1,000 10,000 74,642 272,767 284,867
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
80,994 (7,895) (380,013) 374,906 554,605
22.89% 13.19% -0.05% 19.37% -355.21%
140.11% 78.27% -0.01% 5.74% -60.93%
-134.41% -160.36% -0.01% 2.11% -15.00%
-9,268.54% -897.68% -0.07% 130.87% -119.60%
-12.85% -33.50% -10.87% -145.10% -80.51%
-51.26 -3.40 -0.26 0.61 -2.67
0.37 0.25 1.13 1.06 0.95
1.97 3.06 0.72 0.87 0.95
22.61% 19.09% 0.09% 2.24% 2.53%
-587.09% -1,215.56% 0.19% 10.88% 4.22%
-223.87 -25.79 5.09 3.13 0.75
-1.58 0.23 19.52 2.27 -0.73
(Thousand Rupees) Invest Capital Investment Bank Ltd.
105
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets (a + b)
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
1.Gross revenue
2.Administartive & operating expenses
3.Operating profit
4.Finance cost
5.Profit/(loss) before taxation
6.Profit/(loss) after taxation
E.Other items
1.No. of shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
2.Return on capital employed (ROCE) (D5/(C-B1))
3.Return on assets (ROA) (D6/C)
4.Return on revenue (ROR) (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Earning per share (D6/E1)
G.Liquidity ratios
1.Current assets to current liabilities (C1/B1) (times)
2.Total liabilities to total assets (B/C) (times)
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
1,725,826 2,127,826 309,745 361,799
1,000,000 1,000,000 1,000,000 1,000,000
0 109,873 109,873 109,874
725,826 1,017,953 (800,128) (748,075)
(86,152) (161,786) 126,738 209,831
907,538 2,335,741 1,578,324 1,162,980
135,827 1,686,431 1,016,540 728,049
771,711 649,310 561,784 434,931
2,547,212 4,301,781 2,014,807 1,734,610
2,084,210 3,874,136 1,458,752 1,245,271
80,596 20,433 4,089 5,174
2,003,614 3,853,703 1,454,663 1,240,097
463,002 427,645 556,055 489,339
312,740 247,556 380,722 338,772
0 37,500 37,500 37,500
150,262 142,589 137,833 113,067
978,464 966,539 175,189 415,687
349,737 441,246 357,291 281,945
628,727 525,293 (182,102) 133,742
99,094 111,058 291,423 127,403
536,795 426,263 (1,774,022) 28,177
520,543 403,888 (1,721,175) 27,686
10,000 10,000 10,000 10,000
0.00% 25.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00%
261,668 630,000 (1,509,393) 240,613
30.16% 0.19% -555.67% 7.65%
22.26% 0.16% -177.71% 2.80%
20.44% 0.09% -85.43% 1.60%
53.20% 0.42% -982.47% 6.66%
67.19% 1.09% -20.76% 1,018.37%
52.05 40.39 -172.12 2.77
15.34 2.30 1.44 1.71
0.36 0.54 0.78 0.67
0.00% 0.01% 1.86% 2.16%
67.75% 0.50% 15.37% 20.86%
172.58 212.78 30.97 36.18
0.50 1.56 0.88 8.69
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(Thousand Rupees) J.S. Investments Limited
106
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets (a + b)
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
1.Gross revenue
2.Administartive & operating expenses
3.Operating profit
4.Finance cost
5.Profit/(loss) before taxation
6.Profit/(loss) after taxation
E.Other items
1.No. of shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
2.Return on capital employed (ROCE) (D5/(C-B1))
3.Return on assets (ROA) (D6/C)
4.Return on revenue (ROR) (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Earning per share (D6/E1)
G.Liquidity ratios
1.Current assets to current liabilities (C1/B1) (times)
2.Total liabilities to total assets (B/C) (times)
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
650,564 654,086 680,706 488,012 511,929
428,613 428,613 514,336 514,336 514,336
116,477 134,326 139,650 139,650 141,611
105,474 91,147 26,720 (165,974) (144,018)
(41,743) (61,447) (376,279) (37,333) (45,313)
1,726,663 2,209,426 627,119 508,819 296,883
1,722,338 2,204,250 620,833 500,880 296,883
4,325 5,176 6,286 7,939 0
2,335,484 2,802,065 931,546 959,498 763,499
2,135,405 2,596,093 699,235 738,195 632,472
389,399 102,460 26,255 28,117 7,664
1,746,006 2,493,633 672,980 710,078 624,808
200,079 205,972 232,311 221,303 131,027
1,839 5,747 4,919 3,630 1,813
151,379 151,299 151,220 151,141 51,062
46,861 48,926 76,172 66,532 78,152
233,241 315,726 192,045 64,289 88,186
24,903 33,376 31,435 27,399 33,842
208,338 282,350 160,610 36,890 54,344
0 0 0 0 45,637
105,050 97,778 26,828 (202,728) 8,708
86,203 89,244 26,619 (192,693) 8,708
42,861 42,861 51,434 51,434 51,434
20.00% 0.00% 0.00% 0.00% 0.00%
0.00% 20.00% 0.00% 0.00% 0.00%
104,034 (156,345) (27,543) (31,171) (168,174)
13.25% 13.64% 0.04% -39.49% 1.70%
17.13% 16.36% 0.09% -44.20% 1.87%
3.69% 3.19% 0.03% -20.08% 1.14%
36.96% 28.27% 0.14% -299.73% 9.87%
28.89% 37.40% 1.18% -14.22% 388.63%
2.01 2.08 0.52 -3.75 0.17
1.24 1.18 1.13 1.47 2.13
0.74 0.79 0.67 0.53 0.39
6.48% 5.40% 0.16% 15.75% 6.69%
27.86% 23.34% 0.73% 50.86% 67.05%
15.18 15.26 13.24 9.49 9.95
1.21 -1.75 -1.04 0.16 -19.31
(Thousand Rupees) Security Investment Bank Ltd.
107
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets (a + b)
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
1.Gross revenue
2.Administartive & operating expenses
3.Operating profit
4.Finance cost
5.Profit/(loss) before taxation
6.Profit/(loss) after taxation
E.Other items
1.No. of shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
2.Return on capital employed (ROCE) (D5/(C-B1))
3.Return on assets (ROA) (D6/C)
4.Return on revenue (ROR) (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Earning per share (D6/E1)
G.Liquidity ratios
1.Current assets to current liabilities (C1/B1) (times)
2.Total liabilities to total assets (B/C) (times)
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
974,115 1,016,064 1,095,609 380,731 (24,562)
407,324 468,423 585,529 585,529 892,029
287,907 308,517 267,758 267,759 267,758
278,884 239,124 242,322 (472,557) (1,184,349)
4,318 6,594 (270,341) (220,625) 72,656
5,183,147 5,421,020 7,106,813 6,315,225 5,858,092
3,231,838 2,784,226 4,776,224 4,243,904 4,047,642
1,951,309 2,636,794 2,330,589 2,071,321 1,810,450
6,161,580 6,443,678 7,932,081 6,475,331 5,906,186
3,283,136 3,201,624 3,510,993 4,277,208 3,803,392
149,086 200,947 93,289 158,792 143,195
3,134,050 3,000,677 3,417,704 4,118,416 3,660,197
2,878,444 3,242,054 4,421,088 2,198,123 2,102,794
45,244 108,061 157,284 110,710 331,607
2,763,596 3,018,135 3,420,843 162,976 59,662
69,604 115,858 842,961 1,924,437 1,711,525
732,754 732,403 949,051 694,857 451,182
98,399 165,415 193,656 173,142 183,700
634,355 566,988 755,395 521,715 267,482
404,423 428,762 538,473 875,119 685,568
221,333 115,547 66,124 (976,389) (904,575)
202,096 103,047 149,783 (715,226) (701,808)
40,732 46,842 58,553 58,553 89,203
15.00% 15.00% 0.00% 0.00% 0.00%
15.00% 25.00% 0.00% 0.00% 0.00%
(1,090,832) 943,352 (1,211,474) 660,426 312,103
20.75% 10.14% 13.67% -187.86% 2,857.29%
7.55% 3.16% 2.10% -43.76% -48.67%
3.28% 1.60% 1.89% -11.05% -11.88%
27.58% 14.07% 15.78% -102.93% -155.55%
48.69% 160.52% 129.29% -24.21% -26.18%
4.96 2.20 2.56 -12.22 -7.87
1.02 1.15 0.74 1.01 0.94
0.84 0.84 0.90 0.98 0.99
44.85% 46.84% 43.13% 2.52% 1.01%
15.81% 15.77% 13.81% 5.88% -0.42%
23.92 21.69 18.71 6.50 -0.28
-5.40 9.15 -8.09 -0.92 -0.44
(Thousand Rupees) Trust Investment Bank Ltd.
Financial Statement Analysis of Financial Sector 2010

108

MUTUAL FUNDS (CLOSE ENDED)

Performance at a Glance

Performance of Mutual Funds (close ended) has been encouraging during FY10 as its balance sheet
size slightly expanded by 0.6 percent. Total assets increased from Rs 30.9 billion in FY09 to Rs 31.2
billion in FY10. Net income was Rs. 4.2 billion in FY10 as compared to loss of Rs. 14.0 billion for
FY09.

Analysis of Balance Sheet Components

Certificate holders‟ equity of mutual funds
witnessed a decrease of Rs 0.7 billion or 2.7
percent in FY10 over FY09. Total assets
increased from Rs 30.9 billion in FY09 to
Rs 31.2 billion in FY10 showing an
increase of 0.6 percent over FY09. Analysis
revealed that around 85.9 percent of total
assets were in form of investments as
compared to 83.9 percent in FY09.
Components of equity have a mixed trend.
Certificate holders‟ equity declined by 9.0
percent in FY10, whereas reserves increased
by 36.6 percent. Current assets in form of
cash and bank balances decreased from Rs
3.9 billion in FY09 to Rs 2.7 billion in FY10
registering a decline of around 31.2 percent
over FY09. Investment increased from Rs
25.9 billion in FY09 to Rs 26.8 billion in
FY10.

Total Equity
Total
Liabilities
Total Assets
CY 09 26.1 0.5 31.0
CY 10 25.5 1.0 31.2
Growth% -2.7% 103.4% 0.6%
-2.7%
103.4%
0.6%
-20%
0%
20%
40%
60%
80%
100%
120%
0
5
10
15
20
25
30
35
B
i
l
l
i
o
n

R
s
.
Components of Balance Sheet
0.0
10.0
20.0
30.0
40.0
CY 09 CY 10
3.9
2.7
26.0
26.8
1.1 1.7
B
i
l
l
i
o
n

R
s
.
Components of Assets
others
Investments
Cash & Bank Bal.
Financial Statement Analysis of Financial Sector 2010

109

112.9%
-45.2%
43.0%
79.6%
13.4%
62.2%
-60%
-40%
-20%
0%
20%
40%
60%
80%
100%
120%
140%
ROR ROA MER
Profitability/Efficiency Ratios
CY 09
CY 10
Analysis of Profitability

On income side, gross revenue went into
the positive region in FY10 as compared
to FY09. Major Portion of income has
been generated through gain on sales of
investment, capital gains and from
dividend income. Net loss on sale of
investment which plunged to Rs 4.5
billion in FY09 turned into Net gain of Rs
925 million. During FY10, 62.2 percent of
total expenses constituted remuneration to
management/ investment adviser while in FY09 it was around 42.9 percent. Return on assets (ROA)
substantially increased in FY10 to 13.38 percent in contrast to loss in the previous year.


110
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Certificate holders equity
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Payable to investment advisor
2.Others
C.Total assets (C1 to C3)
1.Cash & bank balances
2.Investments
3.Others
D.Profit & loss account
1.Income (a to g)
a.Markup/interest income
b.Dividend income
c.Income from future transactions
d.Net gain on sale of investments
e.Net unrealized gain/(loss) on investment
f.Capital gain
g.Other income
E.Total expense (E1 to E5)
1.Remuneration to management co-advisor
2.Remuneration to trustees/custodians
3.Brokerage-commission /fee
4.Administrative and general expenses
5.Other
F.Net income for the year (D1-E)
G.Other items
1.No. of units
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1
2.Trading income (D1c/D1)
3.Return on revenue (ROR) (F/D1)
4.Return on assets (ROA) (F/C)
5.Management expense (E1/E)
6.Net assets value per share (A1/G1)
7.Earning per share (F/G1)
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C)
2.Total liabilities to total assets (B/C)
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C)
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time)
38,100,710 58,234,623 44,087,199 26,147,432 25,454,453
24,499,145 34,686,190 31,455,897 30,670,643 27,918,186
2,931,510 4,796,900 3,853,662 1,470,976 2,010,049
10,670,055 18,751,533 8,777,640 (5,994,187) (4,473,782)
4,776,429 5,085,455 5,162,631 4,310,912 4,676,789
3,404,224 5,045,161 607,003 510,262 1,038,086
950,020 1,262,039 148,037 109,447 1,302,972
2,454,204 3,783,122 458,966 400,815 (264,886)
46,281,363 68,365,239 49,856,833 30,968,606 31,169,328
4,207,838 15,620,627 5,340,247 3,898,511 2,680,698
36,658,407 47,921,836 43,359,823 25,980,030 26,793,633
5,415,118 4,822,776 1,156,763 1,090,065 1,694,997
11,939,793 14,765,320 1,518,537 (12,401,221) 5,239,674
735,023 1,053,983 781,834 833,365 1,994,306
1,572,922 2,090,663 1,758,182 1,566,546 1,179,837
3,493 18,887 (15,000) 3,566 0
10,018,902 6,164,020 2,066,257 (4,529,115) 925,541
(2,466,414) 4,811,814 (3,376,571) (5,888,409) (1,360,940)
1,976,666 549,702 267,513 (4,045,573) 2,469,834
99,201 76,251 36,322 (341,601) 31,096
1,420,136 1,672,104 1,449,582 1,593,046 1,067,907
936,294 1,201,308 1,141,061 684,830 664,460
37,596 49,582 45,480 33,104 31,577
62,569 66,837 36,584 11,325 16,427
327,768 293,098 201,774 847,159 336,380
55,909 61,279 24,683 16,628 19,063
10,519,657 13,093,216 68,955 (13,994,267) 4,171,767
2,511,368 3,530,072 3,205,297 3,143,114 2,867,868
377,468 14,414,193 (2,120,718) (632,206) 1,321,602
80.67% 78.70% -67.27% 119.35% 39.42%
0.03% 0.13% -0.99% -0.03% 0.00%
88.11% 88.68% 4.54% 112.85% 79.62%
22.73% 19.15% 0.14% -45.19% 13.38%
65.93% 71.84% 78.72% 42.99% 62.22%
9.76 9.83 9.81 9.76 9.73
4.19 3.71 0.02 -4.45 1.45
9.09% 22.85% 10.71% 12.59% 8.60%
7.36% 7.38% 1.22% 1.65% 3.33%
52.94% 50.74% 63.09% 99.04% 89.57%
0.04 1.10 -30.76 0.05 0.32
(Thousand Rupees) Mutual Fund Companies - Overall
N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A
111
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Certificate holders equity
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Payable to investment advisor
2.Others
C.Total assets (C1 to C3)
1.Cash & bank balances
2.Investments
3.Others
D.Profit & loss account
1.Income (a to g)
a.Markup/interest income
b.Dividend income
c.Income from future transactions
d.Net gain on sale of investments
e.Net unrealized gain/(loss) on investment
f.Capital gain
g.Other income
E.Total expense (E1 to E5)
1.Remuneration to management co-advisor
2.Remuneration to trustees/custodians
3.Brokerage-commission /fee
4.Administrative and general expenses
5.Other
F.Net income for the year (D1-E)
G.Other items
1.No. of units
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1
2.Trading income (D1c/D1)
3.Return on revenue (ROR) (F/D1)
4.Return on assets (ROA) (F/C)
5.Management expense (E1/E)
6.Net assets value per share (A1/G1)
7.Earning per share (F/G1)
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C)
2.Total liabilities to total assets (B/C)
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C)
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time)
2,028,970 2,218,592 1,906,416 1,174,174 1,403,921
1,196,000 1,196,000 1,375,400 1,375,400 1,375,400
43,064 44,729 43,091 23,571 34,744
789,906 977,863 487,925 (224,797) (6,223)
0 0 0 0 0
43,313 57,915 9,279 10,924 425,272
39,928 38,590 3,221 1,029 2,324
3,385 19,325 6,058 9,895 422,948
2,072,283 2,276,507 1,915,695 1,185,098 1,829,193
29,382 590,523 63,366 35,681 131,182
1,751,781 1,607,032 1,823,099 1,122,298 1,274,965
291,120 78,952 29,230 27,119 423,046
497,046 594,674 38,615 (543,568) 397,393
12,665 21,848 23,993 5,514 9,115
89,219 79,505 84,386 75,148 100,701
0 0 0 0 0
465,534 176,243 141,851 (291,658) 185,603
(85,881) 314,974 (194,197) (332,572) 101,974
0 0 0 0 0
15,509 2,104 (17,418) 0 0
56,843 47,917 50,153 31,614 41,279
39,928 38,590 41,339 24,446 28,812
2,070 1,308 1,076 641 788
11,499 5,013 3,599 1,240 1,399
0 0 4,139 5,287 10,280
3,346 3,006 0 0 0
440,203 546,757 (11,538) (575,182) 356,114
119,600 119,600 137,540 137,540 137,540
0.00% 0.00% 0.00% 0.00% 18.50%
0.00% 0.00% 0.00% 0.00% 0.00%
(363,127) 919,597 (228,946) 108,214 232,225
79.50% 82.96% -180.67% 114.84% 72.37%
0.00% 0.00% 0.00% 0.00% 0.00%
88.56% 91.94% -29.88% 105.82% 89.61%
21.24% 24.02% -0.60% -48.53% 19.47%
70.24% 80.54% 82.43% 77.33% 69.80%
10.00 10.00 10.00 10.00 10.00
3.68 4.57 -0.08 -4.18 2.59
1.42% 25.94% 3.31% 3.01% 7.17%
2.09% 2.54% 0.48% 0.92% 23.25%
57.71% 52.54% 71.80% 116.06% 75.19%
-0.82 1.68 19.84 -0.19 0.65
(Thousand Rupees) Al-Meezan Mutual Fund
112
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Certificate holders equity
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Payable to investment advisor
2.Others
C.Total assets (C1 to C3)
1.Cash & bank balances
2.Investments
3.Others
D.Profit & loss account
1.Income (a to g)
a.Markup/interest income
b.Dividend income
c.Income from future transactions
d.Net gain on sale of investments
e.Net unrealized gain/(loss) on investment
f.Capital gain
g.Other income
E.Total expense (E1 to E5)
1.Remuneration to management co-advisor
2.Remuneration to trustees/custodians
3.Brokerage-commission /fee
4.Administrative and general expenses
5.Other
F.Net income for the year (D1-E)
G.Other items
1.No. of units
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1
2.Trading income (D1c/D1)
3.Return on revenue (ROR) (F/D1)
4.Return on assets (ROA) (F/C)
5.Management expense (E1/E)
6.Net assets value per share (A1/G1)
7.Earning per share (F/G1)
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C)
2.Total liabilities to total assets (B/C)
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C)
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time)
543,268 919,323 795,973 488,553 634,569
900,000 900,000 900,000 900,000 900,000
(196,714) 105,902 17,795 (62,351) 0
(160,018) (86,579) (121,822) (349,096) (265,431)
0 0 0 0 0
14,523 49,171 14,883 2,027 5,160
12,176 14,436 1,493 838 1,050
2,347 34,735 13,390 1,189 4,110
557,791 968,494 810,856 490,580 639,729
10,278 215,653 26,068 2,805 97,700
545,421 740,876 748,744 485,037 536,162
2,092 11,965 36,044 2,738 5,867
(82,691) 96,251 35,503 (138,533) 101,444
0 0 0 0 0
11,198 10,806 25,558 22,062 15,503
0 0 0 0 0
(95,469) 72,325 (2,050) (162,473) 116,881
0 0 0 0 (42,429)
0 0 0 0 0
1,580 13,120 11,995 1,878 11,489
18,217 22,961 25,732 77,166 20,354
15,107 14,436 17,799 10,744 13,101
0 0 0 699 656
0 0 0 0 0
3,110 2,982 4,616 65,490 6,580
0 5,543 3,317 233 17
(100,908) 73,290 9,771 (215,699) 81,090
90,000 90,000 90,000 90,000 90,000
0.00% 0.00% 0.00% 0.00% 8.20%
0.00% 0.00% 0.00% 0.00% 0.00%
87,600 205,375 (186,085) (24,263) 94,895
113.54% 88.77% 28.01% 115.93% 84.72%
0.00% 0.00% 0.00% 0.00% 0.00%
122.03% 76.14% 27.52% 155.70% 79.94%
-18.09% 7.57% 1.21% -43.97% 12.68%
82.93% 62.87% 69.17% 13.92% 64.37%
10.00 10.00 10.00 10.00 10.00
-1.12 0.81 0.11 -2.40 0.90
1.84% 22.27% 3.21% 0.57% 15.27%
2.60% 5.08% 1.84% 0.41% 0.81%
161.35% 92.93% 110.99% 183.46% 140.68%
-0.87 2.80 -19.04 0.11 1.17
(Thousand Rupees) Asian Stocks Fund Limited
113
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Certificate holders equity
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Payable to investment advisor
2.Others
C.Total assets (C1 to C3)
1.Cash & bank balances
2.Investments
3.Others
D.Profit & loss account
1.Income (a to g)
a.Markup/interest income
b.Dividend income
c.Income from future transactions
d.Net gain on sale of investments
e.Net unrealized gain/(loss) on investment
f.Capital gain
g.Other income
E.Total expense (E1 to E5)
1.Remuneration to management co-advisor
2.Remuneration to trustees/custodians
3.Brokerage-commission /fee
4.Administrative and general expenses
5.Other
F.Net income for the year (D1-E)
G.Other items
1.No. of units
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1
2.Trading income (D1c/D1)
3.Return on revenue (ROR) (F/D1)
4.Return on assets (ROA) (F/C)
5.Management expense (E1/E)
6.Net assets value per share (A1/G1)
7.Earning per share (F/G1)
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C)
2.Total liabilities to total assets (B/C)
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C)
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time)
628,660 646,274 592,196 282,816 348,806
525,000 525,000 525,000 525,000 525,000
103,660 121,274 0 0 0
0 0 67,196 (242,184) (176,194)
0 0 0 (157) (3,377)
15,710 20,831 8,298 2,506 5,913
13,546 15,142 2,314 690 551
2,164 5,689 5,984 1,816 5,362
644,370 667,105 600,494 285,165 351,342
132,831 209,379 76,653 55,973 34,072
377,379 441,048 512,303 226,189 306,439
134,160 16,678 11,538 3,003 10,831
120,851 113,164 45,705 (258,159) 77,754
40,874 21,344 10,961 5,813 3,166
50,439 55,928 49,212 18,348 12,944
0 0 0 0 0
28,231 6,219 9,327 (11,908) 5,848
(845) 29,673 (23,795) (270,412) 55,002
0 0 0 0 0
2,152 0 0 0 794
18,773 16,799 17,784 11,847 11,763
10,546 13,142 14,303 10,136 8,340
957 942 958 629 636
5,904 1,383 839 160 175
1,366 1,332 1,684 922 2,612
0 0 0 0 0
102,078 96,365 27,921 (270,006) 65,991
52,500 52,500 52,500 52,500 52,500
0.00% 0.00% 0.00% 0.00% 2.20%
0.00% 0.00% 0.00% 0.00% 0.00%
281,906 132,912 34,852 22,601 (15,802)
24.44% 31.72% -31.66% 109.36% 79.28%
0.00% 0.00% 0.00% 0.00% 0.00%
84.47% 85.16% 61.09% 104.59% 84.87%
15.84% 14.45% 4.65% -94.68% 18.78%
56.18% 78.23% 80.43% 85.56% 70.90%
10.00 10.00 10.00 10.00 10.00
1.94 1.84 0.53 -5.14 1.26
20.61% 31.39% 12.76% 19.63% 9.70%
2.44% 3.12% 1.38% 0.88% 1.68%
81.47% 78.70% 87.43% 184.10% 149.43%
2.76 1.38 1.25 -0.08 -0.24
(Thousand Rupees) Atlas Fund of Funds
114
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Certificate holders equity
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Payable to investment advisor
2.Others
C.Total assets (C1 to C3)
1.Cash & bank balances
2.Investments
3.Others
D.Profit & loss account
1.Income (a to g)
a.Markup/interest income
b.Dividend income
c.Income from future transactions
d.Net gain on sale of investments
e.Net unrealized gain/(loss) on investment
f.Capital gain
g.Other income
E.Total expense (E1 to E5)
1.Remuneration to management co-advisor
2.Remuneration to trustees/custodians
3.Brokerage-commission /fee
4.Administrative and general expenses
5.Other
F.Net income for the year (D1-E)
G.Other items
1.No. of units
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1
2.Trading income (D1c/D1)
3.Return on revenue (ROR) (F/D1)
4.Return on assets (ROA) (F/C)
5.Management expense (E1/E)
6.Net assets value per share (A1/G1)
7.Earning per share (F/G1)
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C)
2.Total liabilities to total assets (B/C)
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C)
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time)
176,043 380,281 337,605 203,306 231,229
150,000 300,000 300,000 300,000 300,000
162 0 0 0 0
25,881 80,281 37,605 (96,694) (68,771)
0 0 0 0 0
5,388 39,790 10,964 6,952 13,857
3,475 6,773 7,436 4,144 4,879
1,913 33,017 3,528 2,808 8,978
181,431 420,071 348,569 210,258 245,086
6,574 50,813 8,752 7,954 70,443
173,923 352,440 336,537 195,890 172,919
934 16,818 3,280 6,414 1,724
56,068 125,582 (30,743) (126,751) 42,193
0 0 0 1,365 3,981
6,556 10,738 13,650 13,090 10,125
0 0 0 0 0
35,997 52,949 23,516 (98,205) 37,839
13,476 58,493 (71,012) (43,001) (9,752)
0 0 0 0 0
39 3,402 3,103 0 0
7,799 11,183 10,847 7,070 13,257
3,475 6,773 7,436 4,144 4,879
135 213 406 364 1,444
0 0 0 0 0
0 0 0 2,562 6,934
4,189 4,197 3,005 0 0
48,269 114,399 (41,590) (133,821) 28,936
15,000 30,000 35,000 30,000 30,000
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
(4,551) (75,993) (12,043) (797,303) 62,488
88.31% 91.45% 144.40% 111.40% 66.57%
0.00% 0.00% 0.00% 0.00% 0.00%
86.09% 91.10% 135.28% 105.58% 68.58%
26.60% 27.23% -11.93% -63.65% 11.81%
44.56% 60.57% 68.55% 58.61% 36.80%
10.00 10.00 8.57 10.00 10.00
3.22 3.81 -1.19 -4.46 0.96
3.62% 12.10% 2.51% 3.78% 28.74%
2.97% 9.47% 3.15% 3.31% 5.65%
82.68% 71.42% 86.07% 142.68% 122.41%
-0.09 -0.66 0.29 5.96 2.16
(Thousand Rupees) First Capital Mutual Fund Limited
115
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Certificate holders equity
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Payable to investment advisor
2.Others
C.Total assets (C1 to C3)
1.Cash & bank balances
2.Investments
3.Others
D.Profit & loss account
1.Income (a to g)
a.Markup/interest income
b.Dividend income
c.Income from future transactions
d.Net gain on sale of investments
e.Net unrealized gain/(loss) on investment
f.Capital gain
g.Other income
E.Total expense (E1 to E5)
1.Remuneration to management co-advisor
2.Remuneration to trustees/custodians
3.Brokerage-commission /fee
4.Administrative and general expenses
5.Other
F.Net income for the year (D1-E)
G.Other items
1.No. of units
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1
2.Trading income (D1c/D1)
3.Return on revenue (ROR) (F/D1)
4.Return on assets (ROA) (F/C)
5.Management expense (E1/E)
6.Net assets value per share (A1/G1)
7.Earning per share (F/G1)
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C)
2.Total liabilities to total assets (B/C)
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C)
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time)
618,101 774,995 752,467 520,984 484,679
505,000 580,750 580,750 580,750 580,750
0 0 0 0 0
113,101 194,245 171,717 (59,766) (96,071)
0 0 0 0 0
25,453 24,707 6,590 4,115 2,675
18,289 19,357 1,830 1,289 768,377
7,164 5,350 4,760 2,826 (765,702)
643,554 799,702 759,057 525,099 487,354
20,806 15,515 35,295 25,610 57,811
558,533 567,280 709,017 473,076 413,327
64,215 216,907 14,745 26,413 16,216
138,992 182,408 67,386 (198,915) (17,159)
12,154 17,153 19,903 39,950 35,148
14,486 14,300 12,421 11,167 11,924
0 0 0 0 0
0 0 0 0 0
16,837 94,774 (105,574) (122,098) (74,375)
75,803 42,121 130,808 (127,934) 10,144
19,712 14,060 9,828 0 0
25,890 25,514 31,839 20,953 19,147
18,289 19,357 24,113 17,389 13,613
963 990 1,118 939 890
5,397 3,672 4,940 1,415 3,198
1,241 1,495 1,668 1,210 1,446
0 0 0 0 0
113,102 156,894 35,547 (219,868) (36,306)
50,500 58,075 58,075 58,075 58,075
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
(38,568) (18,939) 9,435 (9,684) 32,200
80.83% 82.76% 52.03% 125.70% 374.33%
0.00% 0.00% 0.00% 0.00% 0.00%
81.37% 86.01% 52.75% 110.53% 211.59%
17.57% 19.62% 4.68% -41.87% -7.45%
70.64% 75.87% 75.73% 82.99% 71.10%
10.00 10.00 10.00 10.00 10.00
2.24 2.70 0.61 -3.79 -0.63
3.23% 1.94% 4.65% 4.88% 11.86%
3.96% 3.09% 0.87% 0.78% 0.55%
78.47% 72.62% 76.51% 110.60% 119.16%
-0.34 -0.12 0.27 0.04 -0.89
(Thousand Rupees) First Dawood Mutual Fund
116
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Certificate holders equity
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Payable to investment advisor
2.Others
C.Total assets (C1 to C3)
1.Cash & bank balances
2.Investments
3.Others
D.Profit & loss account
1.Income (a to g)
a.Markup/interest income
b.Dividend income
c.Income from future transactions
d.Net gain on sale of investments
e.Net unrealized gain/(loss) on investment
f.Capital gain
g.Other income
E.Total expense (E1 to E5)
1.Remuneration to management co-advisor
2.Remuneration to trustees/custodians
3.Brokerage-commission /fee
4.Administrative and general expenses
5.Other
F.Net income for the year (D1-E)
G.Other items
1.No. of units
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1
2.Trading income (D1c/D1)
3.Return on revenue (ROR) (F/D1)
4.Return on assets (ROA) (F/C)
5.Management expense (E1/E)
6.Net assets value per share (A1/G1)
7.Earning per share (F/G1)
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C)
2.Total liabilities to total assets (B/C)
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C)
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time)
965,947 1,308,525 1,237,941 831,434 968,463
614,539 614,539 675,993 760,492 760,492
47,496 35,093 21,499 9,751 6,175
303,912 658,893 540,449 61,191 201,796
0 0 0 0 0
46,021 41,876 34,883 13,663 13,611
16,028 20,913 2,086 1,575 2,095
29,993 20,963 32,797 12,088 11,516
1,011,968 1,350,401 1,272,824 845,097 982,074
41,627 92,707 56,208 280,115 9,898
956,672 1,237,709 1,203,832 545,849 968,766
13,669 19,985 12,784 19,133 3,410
288,702 447,571 70,037 (374,128) 179,751
11,083 15,484 14,242 29,419 25,792
34,327 39,227 48,723 39,639 43,545
0 0 0 0 0
0 0 0 0 0
(79,047) 168,326 112,428 (238,469) (64,499)
322,239 224,464 (105,356) (207,810) 174,913
100 70 0 3,093 0
24,067 31,136 34,846 20,631 39,146
16,028 20,913 25,768 16,560 20,095
0 0 812 465 705
4,524 7,586 6,206 1,753 5,491
3,332 2,101 2,060 1,853 12,855
183 536 0 0 0
264,635 416,435 35,191 (394,759) 140,605
122,908 122,908 122,907 152,098 152,098
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
(86,495) 111,243 54,851 234,138 (280,172)
84.27% 87.78% 10.10% 118.46% 61.43%
0.00% 0.00% 0.00% 0.00% 0.00%
91.66% 93.04% 50.25% 105.51% 78.22%
26.15% 30.84% 2.76% -46.71% 14.32%
66.60% 67.17% 73.95% 80.27% 51.33%
5.00 5.00 5.50 5.00 5.00
2.15 3.39 0.29 -2.60 0.92
4.11% 6.87% 4.42% 33.15% 1.01%
4.55% 3.10% 2.74% 1.62% 1.39%
60.73% 45.51% 53.11% 89.99% 77.44%
-0.33 0.27 1.56 -0.59 -1.99
(Thousand Rupees) Golden Arrow Selected Stocks Fund Limited
117
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Certificate holders equity
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Payable to investment advisor
2.Others
C.Total assets (C1 to C3)
1.Cash & bank balances
2.Investments
3.Others
D.Profit & loss account
1.Income (a to g)
a.Markup/interest income
b.Dividend income
c.Income from future transactions
d.Net gain on sale of investments
e.Net unrealized gain/(loss) on investment
f.Capital gain
g.Other income
E.Total expense (E1 to E5)
1.Remuneration to management co-advisor
2.Remuneration to trustees/custodians
3.Brokerage-commission /fee
4.Administrative and general expenses
5.Other
F.Net income for the year (D1-E)
G.Other items
1.No. of units
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1
2.Trading income (D1c/D1)
3.Return on revenue (ROR) (F/D1)
4.Return on assets (ROA) (F/C)
5.Management expense (E1/E)
6.Net assets value per share (A1/G1)
7.Earning per share (F/G1)
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C)
2.Total liabilities to total assets (B/C)
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C)
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time)
5,540,272 5,911,986 5,174,398 2,892,841 2,737,051
3,180,044 3,180,045 3,180,044 3,180,044 3,156,955
506,438 506,438 506,438 506,438 506,438
1,853,790 2,225,503 1,487,916 (793,641) (926,342)
0 0 87,827 (469) 158,525
1,085,395 885,475 118,896 62,417 62,544
72,056 118,292 9,510 5,304 968
1,013,339 767,183 109,386 57,113 61,576
6,625,667 6,797,461 5,381,121 2,954,789 2,958,120
1,111,298 1,811,357 336,439 704,134 738,045
5,344,974 4,810,140 5,006,067 2,224,507 2,188,255
169,395 175,964 38,615 26,148 31,820
1,449,439 1,563,264 (269,699) (1,603,098) 171,614
182,796 100,638 50,525 78,858 71,973
178,536 224,552 195,864 155,186 117,566
0 0 0 0 0
1,592,010 653,264 (18,642) (840,680) 134,223
(503,984) 581,637 (497,446) (996,879) (153,887)
0 0 0 0 0
81 3,173 0 417 1,739
171,115 150,085 149,884 678,459 148,063
128,665 116,605 116,534 62,198 66,425
6,103 4,261 4,259 2,722 2,849
14,387 17,589 5,827 2,954 3,155
7,576 6,504 18,160 608,230 73,243
14,384 5,126 5,104 2,355 2,391
1,278,324 1,413,179 (419,583) (2,281,557) 23,551
318,004 318,004 318,004 318,004 315,696
0.00% 0.00% 0.00% 0.00% 5.00%
0.00% 0.00% 0.00% 0.00% 0.00%
459,528 2,129,131 (646,759) 413,864 205,891
75.07% 79.20% 191.36% 114.60% -10.44%
0.00% 0.00% 0.00% 0.00% 0.00%
88.19% 90.40% 155.57% 142.32% 13.72%
19.29% 20.79% -7.80% -77.22% 0.80%
75.19% 77.69% 77.75% 9.17% 44.86%
10.00 10.00 10.00 10.00 10.00
4.02 4.44 -1.32 -7.17 0.07
16.77% 26.65% 6.25% 23.83% 24.95%
16.38% 13.03% 2.21% 2.11% 2.11%
48.00% 46.78% 59.10% 107.62% 106.72%
0.36 1.51 1.54 -0.18 8.74
(Thousand Rupees) JS Growth Fund
118
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Certificate holders equity
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Payable to investment advisor
2.Others
C.Total assets (C1 to C3)
1.Cash & bank balances
2.Investments
3.Others
D.Profit & loss account
1.Income (a to g)
a.Markup/interest income
b.Dividend income
c.Income from future transactions
d.Net gain on sale of investments
e.Net unrealized gain/(loss) on investment
f.Capital gain
g.Other income
E.Total expense (E1 to E5)
1.Remuneration to management co-advisor
2.Remuneration to trustees/custodians
3.Brokerage-commission /fee
4.Administrative and general expenses
5.Other
F.Net income for the year (D1-E)
G.Other items
1.No. of units
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1
2.Trading income (D1c/D1)
3.Return on revenue (ROR) (F/D1)
4.Return on assets (ROA) (F/C)
5.Management expense (E1/E)
6.Net assets value per share (A1/G1)
7.Earning per share (F/G1)
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C)
2.Total liabilities to total assets (B/C)
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C)
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time)
3,402,868 3,926,029 3,919,587 2,056,309 2,152,385
3,295,499 3,295,499 3,295,499 3,295,499 3,295,499
0 0 0 0 0
107,369 630,530 624,088 (1,239,190) (1,143,114)
72 69 0 1,255 532
130,390 478,371 31,206 18,247 29,501
98,726 84,764 12,313 3,309 479,899
31,664 393,607 18,893 14,938 (450,398)
3,533,330 4,404,469 3,950,793 2,075,811 2,182,418
107,243 1,479,687 255,754 424,356 47,066
3,317,656 2,865,886 3,666,168 1,640,053 2,020,221
108,431 58,896 28,871 11,402 115,131
1,285,674 1,285,919 429,887 (1,803,182) 207,888
112,430 58,417 54,692 68,921 74,431
87,760 106,376 108,497 87,776 88,637
0 0 0 0 0
1,085,484 1,121,126 266,698 (1,960,432) 42,972
0 0 0 0 0
0 0 0 0 0
0 0 0 553 1,848
119,763 103,658 106,780 60,096 111,812
80,726 72,763 80,633 46,490 47,561
3,278 3,039 3,278 2,253 2,283
0 0 0 0 0
35,207 27,594 22,717 11,353 61,968
552 262 152 0 0
1,165,911 1,182,261 323,107 (1,863,278) 96,076
329,550 329,550 329,550 329,550 329,550
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
139,516 1,713,978 (577,930) 170,521 (374,787)
84.43% 87.18% 62.04% 108.69% 21.56%
0.00% 0.00% 0.00% 0.00% 0.00%
90.68% 91.94% 75.16% 103.33% 46.22%
33.00% 26.84% 8.18% -89.76% 4.40%
67.40% 70.20% 75.51% 77.36% 42.54%
10.00 10.00 10.00 10.00 10.00
3.54 3.59 0.98 -5.65 0.29
3.04% 33.60% 6.47% 20.44% 2.16%
3.69% 10.86% 0.79% 0.88% 1.35%
93.27% 74.82% 83.41% 158.76% 151.00%
0.12 1.45 -1.79 -0.09 -3.90
(Thousand Rupees) JS Large Capital Fund
119
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Certificate holders equity
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Payable to investment advisor
2.Others
C.Total assets (C1 to C3)
1.Cash & bank balances
2.Investments
3.Others
D.Profit & loss account
1.Income (a to g)
a.Markup/interest income
b.Dividend income
c.Income from future transactions
d.Net gain on sale of investments
e.Net unrealized gain/(loss) on investment
f.Capital gain
g.Other income
E.Total expense (E1 to E5)
1.Remuneration to management co-advisor
2.Remuneration to trustees/custodians
3.Brokerage-commission /fee
4.Administrative and general expenses
5.Other
F.Net income for the year (D1-E)
G.Other items
1.No. of units
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1
2.Trading income (D1c/D1)
3.Return on revenue (ROR) (F/D1)
4.Return on assets (ROA) (F/C)
5.Management expense (E1/E)
6.Net assets value per share (A1/G1)
7.Earning per share (F/G1)
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C)
2.Total liabilities to total assets (B/C)
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C)
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time)
1,788,998 2,151,044 2,654,320 1,238,901 1,004,473
1,185,750 1,185,750 1,185,750 1,185,750 1,185,750
10,000 10,000 10,000 10,000 10,000
593,248 955,294 1,458,570 43,151 (191,277)
334 1,469 347 (1,571) 0
50,846 226,432 23,106 17,763 16,885
37,481 38,012 4,152 1,985 102
13,365 188,420 18,954 15,778 16,783
1,840,178 2,378,945 2,677,773 1,255,093 1,021,358
217,140 885,244 758,217 288,313 79,565
1,605,224 1,469,071 1,908,853 959,730 934,113
17,814 24,630 10,703 7,050 7,680
578,185 709,634 922,276 (1,255,689) (54,766)
60,423 67,195 81,403 54,303 25,588
33,954 41,921 28,134 43,563 46,188
0 0 0 0 0
344,435 142,974 538,761 (673,017) 115,167
139,373 457,544 273,978 (680,538) (241,709)
0 0 0 0 0
0 0 0 0 0
51,151 53,748 64,271 41,154 61,087
37,481 38,012 50,943 31,125 24,801
5,325 4,832 3,525 2,534 2,218
6,342 3,852 2,547 0 0
651 5,514 6,351 4,949 32,610
1,352 1,538 905 2,546 1,458
527,034 655,886 858,005 (1,296,843) (115,853)
118,575 118,575 118,575 118,575 118,575
0.00% 0.00% 0.00% 10.00% 10.00%
0.00% 0.00% 0.00% 0.00% 0.00%
84,556 784,961 333,551 (302,428) (109,440)
83.68% 84.62% 88.12% 107.79% 231.06%
0.00% 0.00% 0.00% 0.00% 0.00%
91.15% 92.43% 93.03% 103.28% 211.54%
28.64% 27.57% 32.04% -103.33% -11.34%
73.28% 70.72% 79.26% 75.63% 40.60%
10.00 10.00 10.00 10.00 10.00
4.44 5.53 7.24 -10.94 -0.98
11.80% 37.21% 28.32% 22.97% 7.79%
2.76% 9.52% 0.86% 1.42% 1.65%
64.44% 49.84% 44.28% 94.48% 116.10%
0.16 1.20 0.39 0.23 0.94
(Thousand Rupees) JS Value Fund
120
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Certificate holders equity
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Payable to investment advisor
2.Others
C.Total assets (C1 to C3)
1.Cash & bank balances
2.Investments
3.Others
D.Profit & loss account
1.Income (a to g)
a.Markup/interest income
b.Dividend income
c.Income from future transactions
d.Net gain on sale of investments
e.Net unrealized gain/(loss) on investment
f.Capital gain
g.Other income
E.Total expense (E1 to E5)
1.Remuneration to management co-advisor
2.Remuneration to trustees/custodians
3.Brokerage-commission /fee
4.Administrative and general expenses
5.Other
F.Net income for the year (D1-E)
G.Other items
1.No. of units
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1
2.Trading income (D1c/D1)
3.Return on revenue (ROR) (F/D1)
4.Return on assets (ROA) (F/C)
5.Management expense (E1/E)
6.Net assets value per share (A1/G1)
7.Earning per share (F/G1)
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C)
2.Total liabilities to total assets (B/C)
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C)
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time)
1,513,204 1,598,166 1,423,683 1,147,792 1,276,119
1,200,000 1,200,000 1,200,000 1,200,000 1,200,000
0 0 0 0 0
313,204 398,166 223,683 (52,208) 76,119
0 0 0 (4,949) 1,592
215,916 105,133 11,451 18,013 24,105
51,544 47,908 6,851 4,488 2,112
164,372 57,225 4,600 13,525 21,993
1,729,120 1,703,299 1,435,134 1,160,856 1,301,816
53,138 515,628 10,462 144,241 292,188
1,436,117 951,211 1,398,691 992,205 985,810
239,865 236,460 25,981 24,410 23,818
352,928 380,620 70,836 (117,193) 289,304
19,456 38,658 67,825 64,797 72,337
57,073 55,009 38,248 46,319 60,298
3,493 18,791 (15,000) 0 0
315,657 118,118 67,904 (129,163) 111,298
(42,751) 149,823 (88,141) (99,146) 54,564
0 0 0 0 0
0 221 0 0 (9,193)
66,360 55,658 53,319 38,698 40,977
44,874 42,906 45,271 32,550 31,114
1,666 1,630 1,688 1,356 1,504
14,516 6,076 3,169 2,670 826
5,304 5,046 3,191 2,122 7,533
0 0 0 0 0
286,568 324,962 17,517 (155,891) 248,327
120,000 120,000 120,000 120,000 120,000
0.00% 0.00% 0.00% 0.00% 15.50%
0.00% 0.00% 0.00% 0.00% 0.00%
21,482 702,383 (211,039) 249,207 260,050
78.32% 75.39% -49.74% 194.81% 54.15%
0.99% 4.94% -21.18% 0.00% 0.00%
81.20% 85.38% 24.73% 133.02% 85.84%
16.57% 19.08% 1.22% -13.43% 19.08%
67.62% 77.09% 84.91% 84.11% 75.93%
10.00 10.00 10.00 10.00 10.00
2.39 2.71 0.15 -1.30 2.07
3.07% 30.27% 0.73% 12.43% 22.44%
12.49% 6.17% 0.80% 1.55% 1.85%
69.40% 70.45% 83.62% 103.37% 92.18%
0.07 2.16 -12.05 -1.60 1.05
(Thousand Rupees) Meezan Balanced Fund
121
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Certificate holders equity
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Payable to investment advisor
2.Others
C.Total assets (C1 to C3)
1.Cash & bank balances
2.Investments
3.Others
D.Profit & loss account
1.Income (a to g)
a.Markup/interest income
b.Dividend income
c.Income from future transactions
d.Net gain on sale of investments
e.Net unrealized gain/(loss) on investment
f.Capital gain
g.Other income
E.Total expense (E1 to E5)
1.Remuneration to management co-advisor
2.Remuneration to trustees/custodians
3.Brokerage-commission /fee
4.Administrative and general expenses
5.Other
F.Net income for the year (D1-E)
G.Other items
1.No. of units
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1
2.Trading income (D1c/D1)
3.Return on revenue (ROR) (F/D1)
4.Return on assets (ROA) (F/C)
5.Management expense (E1/E)
6.Net assets value per share (A1/G1)
7.Earning per share (F/G1)
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C)
2.Total liabilities to total assets (B/C)
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C)
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time)
1,136,571 1,011,363 721,808 671,964
1,000,000 1,000,000 1,000,000 1,000,000
136,571 11,363 0 0
0 0 (278,192) (328,036)
0 7,438 0 6,197
69,851 17,350 8,661 15,383
31,124 9,750 3,595 2,904
38,727 7,600 5,066 12,479
1,206,422 1,036,151 730,469 693,544
228,481 33,924 24,985 126,688
909,601 837,373 625,517 557,838
68,340 164,854 79,967 9,018
173,063 16,879 (261,998) 131,625
58,952 43,137 27,373 37,880
5,721 29,021 31,339 28,629
0 0 0 0
79,099 70,164 0 0
24,081 (126,937) (177,579) (79,417)
0 0 (94,701) 149,514
5,210 1,494 (48,430) (4,981)
36,492 42,086 27,558 31,469
22,114 32,617 22,832 24,423
1,498 1,235 810 773
0 0 0 0
12,743 7,910 3,025 5,776
137 324 891 497
136,571 (25,207) (289,556) 100,156
100,000 100,000 100,000 100,000
0.00% 0.00% 0.00% 15.00%
0.00% 0.00% 0.00% 0.00%
(771,519) (122,371) (41,409) 216,295
62.63% -327.50% 122.41% 49.47%
0.00% 0.00% 0.00% 0.00%
78.91% -149.34% 110.52% 76.09%
11.32% -2.43% -39.64% 14.44%
60.60% 77.50% 82.85% 77.61%
10.00 10.00 10.00 10.00
1.37 -0.25 -2.90 1.00
18.94% 3.27% 3.42% 18.27%
5.79% 1.67% 1.19% 2.22%
82.89% 96.51% 136.90% 144.19%
-5.65 4.85 0.14 2.16
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(Thousand Rupees) NAMCO Balanced Fund
122
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Certificate holders equity
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Payable to investment advisor
2.Others
C.Total assets (C1 to C3)
1.Cash & bank balances
2.Investments
3.Others
D.Profit & loss account
1.Income (a to g)
a.Markup/interest income
b.Dividend income
c.Income from future transactions
d.Net gain on sale of investments
e.Net unrealized gain/(loss) on investment
f.Capital gain
g.Other income
E.Total expense (E1 to E5)
1.Remuneration to management co-advisor
2.Remuneration to trustees/custodians
3.Brokerage-commission /fee
4.Administrative and general expenses
5.Other
F.Net income for the year (D1-E)
G.Other items
1.No. of units
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1
2.Trading income (D1c/D1)
3.Return on revenue (ROR) (F/D1)
4.Return on assets (ROA) (F/C)
5.Management expense (E1/E)
6.Net assets value per share (A1/G1)
7.Earning per share (F/G1)
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C)
2.Total liabilities to total assets (B/C)
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C)
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time)
1,019,121 1,077,010 1,070,563 859,159 925,613
1,000,000 1,000,000 1,000,000 1,000,000 1,000,000
0 0 0 0 0
19,121 77,010 70,563 (140,841) (74,387)
0 0 0 0 0
67,970 57,523 12,036 12,126 12,738
40,684 24,293 2,489 2,148 2,314
27,286 33,230 9,547 9,978 10,424
1,087,091 1,134,533 1,082,599 871,285 938,351
476,700 502,776 128,035 48,431 37,179
481,326 617,107 939,203 811,465 897,764
129,065 14,650 15,361 11,389 3,408
42,221 109,782 113,925 (111,597) 160,159
31,610 52,207 13,595 7,138 13,551
14,280 30,330 46,258 69,072 46,631
0 0 0 0 0
57,018 37,224 182,949 0 0
(60,687) (12,086) (128,877) (39,530) (71,109)
0 0 0 (148,277) 171,086
0 2,107 0 0 0
23,100 51,893 45,372 29,807 41,328
14,293 31,684 33,571 21,525 29,382
590 1,316 1,370 1,049 1,259
0 0 0 0 0
7,395 16,987 8,287 5,090 8,731
822 1,906 2,144 2,143 1,956
19,121 57,889 68,553 (141,404) 118,831
100,000 100,000 100,000 100,000 100,000
0.00% 0.00% 0.00% 0.00% 10.00%
0.00% 0.00% 0.00% 0.00% 0.00%
(523,300) 26,076 (300,262) (10,768) 37,740
-8.69% 24.82% 47.46% 168.29% 62.42%
0.00% 0.00% 0.00% 0.00% 0.00%
45.29% 52.73% 60.17% 126.71% 74.20%
1.76% 5.10% 6.33% -16.23% 12.66%
61.87% 61.06% 73.99% 72.21% 71.09%
10.00 10.00 10.00 10.00 10.00
0.19 0.58 0.69 -1.41 1.19
43.85% 44.32% 11.83% 5.56% 3.96%
6.25% 5.07% 1.11% 1.39% 1.36%
91.99% 88.14% 92.37% 114.77% 106.57%
-27.37 0.45 -4.38 0.08 0.32
(Thousand Rupees) PICIC Energy Fund
123
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Certificate holders equity
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Payable to investment advisor
2.Others
C.Total assets (C1 to C3)
1.Cash & bank balances
2.Investments
3.Others
D.Profit & loss account
1.Income (a to g)
a.Markup/interest income
b.Dividend income
c.Income from future transactions
d.Net gain on sale of investments
e.Net unrealized gain/(loss) on investment
f.Capital gain
g.Other income
E.Total expense (E1 to E5)
1.Remuneration to management co-advisor
2.Remuneration to trustees/custodians
3.Brokerage-commission /fee
4.Administrative and general expenses
5.Other
F.Net income for the year (D1-E)
G.Other items
1.No. of units
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1
2.Trading income (D1c/D1)
3.Return on revenue (ROR) (F/D1)
4.Return on assets (ROA) (F/C)
5.Management expense (E1/E)
6.Net assets value per share (A1/G1)
7.Earning per share (F/G1)
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C)
2.Total liabilities to total assets (B/C)
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C)
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time)
8,906,453 10,496,433 8,291,928 3,530,357 3,944,740
2,835,000 2,835,000 2,835,000 2,835,000 2,835,000
2,448,984 3,100,296 3,124,897 989,777 1,419,467
3,622,469 4,561,137 2,332,031 (294,420) (309,727)
2,992,500 2,992,500 2,992,500 2,990,500 2,992,500
831,262 702,260 109,291 103,569 196,762
210,407 245,018 18,807 10,871 11,562
620,855 457,242 90,484 92,698 185,200
12,730,215 14,191,193 11,393,719 6,624,426 7,134,002
1,076,158 1,505,326 867,546 296,840 246,157
11,554,398 12,288,687 10,461,354 6,281,453 6,802,156
99,659 397,180 64,819 46,133 85,689
3,621,725 2,127,240 (291,248) (2,176,540) 769,108
63,712 140,215 68,340 53,639 101,587
519,612 598,242 465,982 442,192 244,075
0 0 0 0 0
4,232,009 882,486 184,399 0 0
(1,193,622) 498,733 (1,009,969) (673,200) (480,082)
0 0 0 (2,013,978) 903,509
14 7,564 0 14,807 19
378,342 338,072 307,733 166,411 206,156
210,407 245,018 249,134 134,143 151,707
6,585 7,458 7,603 4,729 5,168
0 0 0 0 0
148,308 77,982 45,795 23,209 44,978
13,042 7,614 5,201 4,330 4,303
3,243,383 1,789,168 (598,981) (2,342,951) 562,952
283,500 283,500 283,500 283,500 283,500
0.00% 0.00% 0.00% 0.00% 20.00%
0.00% 0.00% 0.00% 0.00% 0.00%
(1,471,342) 1,831,677 973,177 (281,691) 511,400
83.89% 65.29% 283.46% 122.78% 55.06%
0.00% 0.00% 0.00% 0.00% 0.00%
89.55% 84.11% 205.66% 107.65% 73.20%
25.48% 12.61% -5.26% -35.37% 7.89%
55.61% 72.48% 80.96% 80.61% 73.59%
10.00 10.00 10.00 10.00 10.00
11.44 6.31 -2.11 -8.26 1.99
8.45% 10.61% 7.61% 4.48% 3.45%
6.53% 4.95% 0.96% 1.56% 2.76%
22.27% 19.98% 24.88% 42.80% 39.74%
-0.45 1.02 -1.62 0.12 0.91
(Thousand Rupees) PICIC Growth Fund
124
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Certificate holders equity
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Payable to investment advisor
2.Others
C.Total assets (C1 to C3)
1.Cash & bank balances
2.Investments
3.Others
D.Profit & loss account
1.Income (a to g)
a.Markup/interest income
b.Dividend income
c.Income from future transactions
d.Net gain on sale of investments
e.Net unrealized gain/(loss) on investment
f.Capital gain
g.Other income
E.Total expense (E1 to E5)
1.Remuneration to management co-advisor
2.Remuneration to trustees/custodians
3.Brokerage-commission /fee
4.Administrative and general expenses
5.Other
F.Net income for the year (D1-E)
G.Other items
1.No. of units
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1
2.Trading income (D1c/D1)
3.Return on revenue (ROR) (F/D1)
4.Return on assets (ROA) (F/C)
5.Management expense (E1/E)
6.Net assets value per share (A1/G1)
7.Earning per share (F/G1)
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C)
2.Total liabilities to total assets (B/C)
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C)
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time)
3,672,175 4,190,783 2,944,741 1,677,360 1,828,357
2,841,250 2,841,250 2,841,250 2,841,250 2,841,250
225 225 225 225 225
830,700 1,349,308 103,266 (1,164,115) (1,013,118)
1,818,295 2,083,126 2,121,000 1,334,801 1,499,878
602,551 381,140 76,448 74,919 150,225
122,463 110,963 8,442 5,020 5,547
480,088 270,177 68,006 69,899 144,678
6,093,021 6,655,049 5,142,189 3,087,080 3,478,460
718,351 783,179 425,377 195,804 187,823
5,334,574 5,637,334 4,684,995 2,852,840 3,248,518
40,096 234,536 31,817 38,436 42,119
1,913,111 1,261,168 (107,405) (1,187,175) 402,586
38,382 64,227 37,218 28,938 58,058
302,402 260,111 194,769 194,800 126,913
0 0 0 0 0
1,885,809 660,874 179,034 0 0
(313,482) 274,706 (518,426) (401,392) (269,243)
0 0 0 (1,017,195) 486,850
0 1,250 0 7,674 8
186,063 174,310 144,199 80,206 103,545
122,464 110,963 111,802 62,426 71,816
4,443 4,128 4,170 2,748 3,029
0 0 0 0 0
51,339 53,736 24,131 11,700 24,805
7,817 5,483 4,096 3,332 3,895
1,727,048 1,086,858 (251,604) (1,267,381) 299,041
284,125 284,125 284,125 284,125 284,125
0.00% 0.00% 0.00% 0.00% 10.00%
0.00% 0.00% 0.00% 0.00% 0.00%
1,587,066 1,053,318 628,795 (227,214) 133,363
82.19% 74.28% 315.99% 118.85% 54.05%
0.00% 0.00% 0.00% 0.00% 0.00%
90.27% 86.18% 234.26% 106.76% 74.28%
28.34% 16.33% -4.89% -41.05% 8.60%
65.82% 63.66% 77.53% 77.83% 69.36%
10.00 10.00 10.00 10.00 10.00
6.08 3.83 -0.89 -4.46 1.05
11.79% 11.77% 8.27% 6.34% 5.40%
9.89% 5.73% 1.49% 2.43% 4.32%
46.63% 42.69% 55.25% 92.04% 81.68%
0.92 0.97 -2.50 0.18 0.45
(Thousand Rupees) PICIC Investment Fund
125
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Certificate holders equity
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Payable to investment advisor
2.Others
C.Total assets (C1 to C3)
1.Cash & bank balances
2.Investments
3.Others
D.Profit & loss account
1.Income (a to g)
a.Markup/interest income
b.Dividend income
c.Income from future transactions
d.Net gain on sale of investments
e.Net unrealized gain/(loss) on investment
f.Capital gain
g.Other income
E.Total expense (E1 to E5)
1.Remuneration to management co-advisor
2.Remuneration to trustees/custodians
3.Brokerage-commission /fee
4.Administrative and general expenses
5.Other
F.Net income for the year (D1-E)
G.Other items
1.No. of units
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1
2.Trading income (D1c/D1)
3.Return on revenue (ROR) (F/D1)
4.Return on assets (ROA) (F/C)
5.Management expense (E1/E)
6.Net assets value per share (A1/G1)
7.Earning per share (F/G1)
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C)
2.Total liabilities to total assets (B/C)
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C)
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time)
1,023,307 1,103,750 1,120,468 1,128,690
1,000,000 1,000,000 1,000,000 1,000,000
0 0 0 0
23,307 103,750 120,468 128,690
3,366 10,970 (36,810) (16,272)
10,561 9,190 7,614 9,206
9,952 7,639 6,024 3,438
609 1,551 1,590 5,768
1,037,234 1,123,910 1,091,272 1,121,624
237,604 254,595 25,386 317,413
647,155 833,058 1,019,328 778,421
152,475 36,257 46,558 25,790
27,568 120,221 126,464 1,308,418
18,986 115,526 153,722 1,319,449
0 0 0 0
0 0 0 0
0 0 (13,140) (9,329)
671 1,952 (14,262) (1,702)
6,472 2,415 0 0
1,439 328 144 0
4,261 18,273 19,746 26,904
1,832 13,464 13,342 13,478
287 1,230 1,328 1,338
92 191 108 210
2,050 3,353 4,759 7,531
0 35 209 4,347
23,307 101,948 106,718 1,281,514
100,000 10,000 100,000 100,000
0.00% 0.00% 9.61% 10.38%
0.00% 0.00% 0.00% 0.00%
(762,396) 38,491 (114,209) 388,077
31.13% 3.91% -21.55% -0.84%
0.00% 0.00% 0.00% 0.00%
84.54% 84.80% 84.39% 97.94%
2.25% 9.07% 9.78% 114.26%
42.99% 73.68% 67.57% 50.10%
10.00 100.00 10.00 10.00
0.23 10.19 1.07 12.82
22.91% 22.65% 2.33% 28.30%
1.02% 0.82% 0.70% 0.82%
96.41% 88.98% 91.64% 89.16%
-32.71 0.38 -1.07 0.30
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(Thousand Rupees) Pak Oman Advantage Fund
126
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Certificate holders equity
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Payable to investment advisor
2.Others
C.Total assets (C1 to C3)
1.Cash & bank balances
2.Investments
3.Others
D.Profit & loss account
1.Income (a to g)
a.Markup/interest income
b.Dividend income
c.Income from future transactions
d.Net gain on sale of investments
e.Net unrealized gain/(loss) on investment
f.Capital gain
g.Other income
E.Total expense (E1 to E5)
1.Remuneration to management co-advisor
2.Remuneration to trustees/custodians
3.Brokerage-commission /fee
4.Administrative and general expenses
5.Other
F.Net income for the year (D1-E)
G.Other items
1.No. of units
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1
2.Trading income (D1c/D1)
3.Return on revenue (ROR) (F/D1)
4.Return on assets (ROA) (F/C)
5.Management expense (E1/E)
6.Net assets value per share (A1/G1)
7.Earning per share (F/G1)
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C)
2.Total liabilities to total assets (B/C)
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C)
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time)
2,576,507 2,910,082 2,414,916 1,392,636 1,749,805
1,476,563 1,476,563 1,698,047 1,698,047 1,698,047
0 0 0 0 0
1,099,944 1,433,519 716,869 (305,411) 51,758
0 0 0 0 0
89,927 60,765 18,345 13,772 14,545
52,591 49,417 4,025 2,321 2,916
37,336 11,348 14,320 11,451 11,629
2,666,434 2,970,847 2,433,261 1,406,408 1,764,350
141,184 532,763 333,407 83,681 31,683
2,511,061 2,423,905 2,079,904 1,307,567 1,644,808
14,189 14,179 19,950 15,160 87,859
616,168 765,420 (60,576) (732,752) 403,231
41,317 39,807 21,836 18,429 7,354
74,863 66,857 105,342 75,957 84,064
0 0 0 0 0
0 0 0 0 0
78,409 636,305 (262,076) (713,401) 9,595
417,445 22,451 74,282 (113,737) 285,303
4,134 0 40 0 16,915
69,607 62,704 65,449 34,821 46,062
52,591 49,417 52,754 28,797 35,107
2,145 2,134 2,541 1,440 1,818
0 0 0 0 0
14,871 11,153 10,154 4,584 9,137
0 0 0 0 0
546,561 702,716 (126,025) (767,573) 357,169
147,656 147,656 169,805 169,805 169,805
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
212,977 391,579 (199,356) 3,381 (51,919)
81.14% 86.06% 309.95% 112.88% 77.33%
0.00% 0.00% 0.00% 0.00% 0.00%
88.70% 91.81% 208.04% 104.75% 88.58%
20.50% 23.65% -5.18% -54.58% 20.24%
75.55% 78.81% 80.60% 82.70% 76.22%
10.00 10.00 10.00 10.00 10.00
3.70 4.76 -0.74 -4.52 2.10
5.29% 17.93% 13.70% 5.95% 1.80%
3.37% 2.05% 0.75% 0.98% 0.82%
55.38% 49.70% 69.78% 120.74% 96.24%
0.39 0.56 1.58 0.00 -0.15
(Thousand Rupees) Pakistan Premier Fund Limited
127
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Certificate holders equity
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Payable to investment advisor
2.Others
C.Total assets (C1 to C3)
1.Cash & bank balances
2.Investments
3.Others
D.Profit & loss account
1.Income (a to g)
a.Markup/interest income
b.Dividend income
c.Income from future transactions
d.Net gain on sale of investments
e.Net unrealized gain/(loss) on investment
f.Capital gain
g.Other income
E.Total expense (E1 to E5)
1.Remuneration to management co-advisor
2.Remuneration to trustees/custodians
3.Brokerage-commission /fee
4.Administrative and general expenses
5.Other
F.Net income for the year (D1-E)
G.Other items
1.No. of units
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1
2.Trading income (D1c/D1)
3.Return on revenue (ROR) (F/D1)
4.Return on assets (ROA) (F/C)
5.Management expense (E1/E)
6.Net assets value per share (A1/G1)
7.Earning per share (F/G1)
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C)
2.Total liabilities to total assets (B/C)
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C)
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time)
4,023,760 4,077,161 3,253,495 2,109,420 2,493,873
3,000,000 3,000,000 3,000,000 3,000,000 3,000,000
0 0 0 0 0
1,023,760 1,077,161 253,495 (890,580) (506,127)
(34,430) 3,173 (37,418) 27,146 37,298
156,993 173,286 35,881 41,865 19,775
142,518 121,170 17,743 10,192 4,228
14,475 52,116 18,138 31,673 15,547
4,146,323 4,253,620 3,251,958 2,178,431 2,550,946
52,439 1,491,689 331,279 181,921 38,860
5,488 535 2,726,308 1,958,958 2,379,527
4,088,396 2,761,396 194,371 37,552 132,559
1,026,100 938,686 52,908 (857,995) 454,023
108,121 97,010 50,842 23,148 74,163
83,389 99,081 153,643 115,611 119,414
0 0 0 0 0
0 0 0 0 0
(373,736) 479,921 (320,343) (523,916) (29,777)
1,161,179 254,194 165,364 (321,941) 288,515
47,147 8,480 3,402 (150,897) 1,708
170,980 135,285 126,574 76,080 69,570
123,111 106,615 104,899 61,963 55,593
3,336 3,027 3,017 2,140 2,439
0 0 0 0 0
44,533 25,643 18,658 11,977 11,538
0 0 0 0 0
855,120 803,401 (73,666) (934,075) 384,453
300,000 300,000 300,000 300,000 300,000
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
(121,831) 1,439,250 (1,160,410) (149,358) (140,984)
81.34% 79.11% -286.49% 116.17% 57.36%
0.00% 0.00% 0.00% 0.00% 0.00%
83.34% 85.59% -139.23% 108.87% 84.68%
20.62% 18.89% -2.27% -42.88% 15.07%
72.00% 78.81% 82.88% 81.44% 79.91%
10.00 10.00 10.00 10.00 10.00
2.85 2.68 -0.25 -3.11 1.28
1.26% 35.07% 10.19% 8.35% 1.52%
3.79% 4.07% 1.10% 1.92% 0.78%
72.35% 70.53% 92.25% 137.71% 117.60%
-0.14 1.79 15.75 0.16 -0.37
(Thousand Rupees) Pakistan Strategic Allocation Fund
128
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Certificate holders equity
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Payable to investment advisor
2.Others
C.Total assets (C1 to C3)
1.Cash & bank balances
2.Investments
3.Others
D.Profit & loss account
1.Income (a to g)
a.Markup/interest income
b.Dividend income
c.Income from future transactions
d.Net gain on sale of investments
e.Net unrealized gain/(loss) on investment
f.Capital gain
g.Other income
E.Total expense (E1 to E5)
1.Remuneration to management co-advisor
2.Remuneration to trustees/custodians
3.Brokerage-commission /fee
4.Administrative and general expenses
5.Other
F.Net income for the year (D1-E)
G.Other items
1.No. of units
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1
2.Trading income (D1c/D1)
3.Return on revenue (ROR) (F/D1)
4.Return on assets (ROA) (F/C)
5.Management expense (E1/E)
6.Net assets value per share (A1/G1)
7.Earning per share (F/G1)
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C)
2.Total liabilities to total assets (B/C)
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C)
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time)
659,575 1,122,223 884,832 533,528 682,498
544,500 544,500 544,500 544,500 544,500
(31,805) 211,969 105,678 (6,435) 33,000
146,880 365,754 234,654 (4,537) 104,998
0 0 0 0 0
20,663 27,270 7,687 1,934 2,252
17,347 16,614 1,706 915 1,129
3,316 10,656 5,981 1,019 1,123
680,238 1,149,493 892,519 535,462 684,750
9,198 98,877 13,066 1,381 100,373
669,356 1,038,085 846,114 529,901 579,764
1,684 12,531 33,339 4,180 4,613
27,885 253,665 6,554 (170,271) 130,886
0 0 1,427 1,731 389
14,828 17,759 31,549 24,816 18,558
0 0 0 3,566 0
72,187 224,189 110,830 (112,820) 148,272
(63,694) 6,455 (144,856) (89,352) (47,083)
0 0 0 0 0
4,564 5,262 7,604 1,788 10,750
28,520 34,702 28,754 55,308 21,351
17,548 16,614 20,933 11,812 14,119
0 0 1,471 804 687
0 0 1,254 573 671
3,998 2,772 5,044 41,950 5,864
6,974 15,316 52 169 10
(635) 218,963 (22,200) (225,579) 109,535
54,450 54,450 54,450 54,450 54,450
0.00% 0.00% 0.00% 0.00% 18.20%
0.00% 0.00% 0.00% 0.00% 0.00%
113,282 89,679 (85,812) (9,069) 98,992
46.82% 93.00% -403.14% 115.59% 85.52%
0.00% 0.00% 0.00% -2.09% 0.00%
-2.28% 86.32% -338.72% 132.48% 83.69%
-0.09% 19.05% -2.49% -42.13% 16.00%
61.53% 47.88% 72.80% 21.36% 66.13%
10.00 10.00 10.00 10.00 10.00
-0.01 4.02 -0.41 -4.14 2.01
1.35% 8.60% 1.46% 0.26% 14.66%
3.04% 2.37% 0.86% 0.36% 0.33%
80.05% 47.37% 61.01% 101.69% 79.52%
-178.40 0.41 3.87 0.04 0.90
(Thousand Rupees) Safeway Mutual Fund
129
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Certificate holders equity
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Payable to investment advisor
2.Others
C.Total assets (C1 to C3)
1.Cash & bank balances
2.Investments
3.Others
D.Profit & loss account
1.Income (a to g)
a.Markup/interest income
b.Dividend income
c.Income from future transactions
d.Net gain on sale of investments
e.Net unrealized gain/(loss) on investment
f.Capital gain
g.Other income
E.Total expense (E1 to E5)
1.Remuneration to management co-advisor
2.Remuneration to trustees/custodians
3.Brokerage-commission /fee
4.Administrative and general expenses
5.Other
F.Net income for the year (D1-E)
G.Other items
1.No. of units
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1
2.Trading income (D1c/D1)
3.Return on revenue (ROR) (F/D1)
4.Return on assets (ROA) (F/C)
5.Management expense (E1/E)
6.Net assets value per share (A1/G1)
7.Earning per share (F/G1)
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C)
2.Total liabilities to total assets (B/C)
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C)
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time)
717,633 787,218
698,585 719,543
0 0
19,048 67,675
0 (84)
10,572 17,677
9,300 6,577
1,272 11,100
728,205 804,811
15,462 36,552
104,072 103,860
608,671 664,399
41,044 84,222
56,513 60,344
4,460 4,122
0 0
(26,995) 36,767
7,066 (17,011)
0 0
0 0
12,028 14,637
8,736 10,094
1,023 1,093
314 1,302
1,678 1,959
277 189
29,016 69,585
69,859 71,954
0.00% 0.00%
0.00% 0.00%
1,191 21,090
-48.56% 23.46%
0.00% 0.00%
70.69% 82.62%
3.98% 8.65%
72.63% 68.96%
10.00 10.00
0.42 0.97
2.12% 4.54%
1.45% 2.20%
95.93% 89.41%
0.04 0.30
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
(Thousand Rupees) UBL Capital Protected Fund-I
Financial Statement Analysis of Financial Sector 2010

130

0.0
5.0
10.0
15.0
FY 09 FY 10
7.0
6.4
2.2
2.4
4.8
4.1
B
i
l
l
i
o
n

R
s
.
Operating Profit Operating Expenses Gross Revenue
MODARABA COMPANIES


Performance at a Glance
Modaraba Companies performed well during FY10. Total assets increased from Rs. 23.3 billion in
FY09 to Rs 24.6 billion in FY10 showing an increase of 5.8 percent over FY09. Total equity
witnessed an increase of 4.1 percent in FY10 over FY09. Profit before and after tax, however
significantly decreased by 36.3 percent & 37.3 percent respectively in FY10.

Analysis of Balance Sheet Components

All major components of the balance
sheet, i.e., assets, liabilities, and
certificateholders‟ equity witnessed
increases in FY10 over FY09. Total
certificate holders‟ equity increased from
Rs 11.0 billion in FY09 to Rs 11.5
billion in FY09 showing an increase of
around 4.1 percent. Total assets at Rs
24.6 billion in FY10 increased from 23.3
billion in FY09 reflecting an increase of 5.8 percent in FY10. Reserves increased by 17.4 percent in
FY10. In absolute terms, reserves increased from Rs. 3.6 billion in FY09 to Rs. 4.2 billion in FY10.
The total certificate capital remained same during the year. Long-term investments declined from Rs
4.1 billion in FY09 to Rs. 3.3 billion during the current year.

Profitability and Operating Efficiency

Goss revenue decreased from Rs 7.0
billion in FY09 to Rs 6.4 billion in FY10
recording a decline of around 9.0 percent
over FY09. On the other hand, operating
expenses slightly increased by 5.1
percent in FY10 over FY09. Operating
profit decreased from Rs 4.8 billion to
Rs 4.1 billion in FY10 i.e. a decline of
Total Equity Total Liabilities Total Assets
FY 09 11.0 12.3 23.3
FY 10 11.5 13.1 24.6
Growth 4% 7% 6%
4%
7%
6%
0%
1%
2%
3%
4%
5%
6%
7%
0.0
5.0
10.0
15.0
20.0
25.0
30.0
B
i
l
l
i
o
n

R
s
.
Components of Balance Sheets
Financial Statement Analysis of Financial Sector 2010

131

15.5 percent over FY09. Profit before tax dropped to Rs 841 million in FY10 as compared to Rs 1.3
billion in FY09, recording a decline of 36.3 percent in FY10 over FY09. Similarly profit after tax also
decreased from Rs 1.3 billion in FY09 to Rs 820.7 million in FY10 registering a decline of around
37.3 percent. Modaraba Co‟s Management Fees during FY09 was around 1.3 percent of operating
profit while this ratio decreased to 0.3 percent only in FY10.

Return on assets (ROA), return on
equity (ROE) and Return on capital
employed (ROCE) witnessed decreases
in FY10 over FY09. ROA decreased
from 5.6 percent in FY09 to 3.3 percent
in FY10. ROE decreased from 11.9
percent in FY09 to 7.2 percent in FY10.
Similarly, ROCE also decreased from
8.6 percent in FY09 to 5.5 percent in
FY10. However breakup value per
certificate increased from Rs 11.8 per certificate in FY09 to Rs. 12.6 per certificate in FY10.
11.88%
8.62%
5.63%
7.16%
5.53%
3.34%
0% 2% 4% 6% 8% 10% 12% 14%
ROE
ROCE
ROA
FY 10 FY 09
132
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Certificate capital
2.Reserves
3.Unappropriated profit
4.Others
B.Total liabilities (B1 + B2)
1.Current liablities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets (a + b)
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
1.Gross revenue(loss)
2.Operating expenses
3.Operating profit
4.Modaraba co's management fees
5.Profit/(loss) before taxation
6.Profit/(loss) after taxation
E.Other items
1.No. of certificates
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
2.Return on capital employed (ROCE) (D5/(C-B1))
3.Return on assets (ROA) (D6/C)
4.Return on revenue (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Management expenses (D4/D2)
7.Earning Per Certificate (D6/E1)
G.Liquidity Ratios
1.Current asssets to current liabilities (C1/B1) (times)
2.Total liabilities to total assets (B/C) (times)
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
9,292,183 10,275,032 10,890,240 11,012,233 11,458,345
7,031,073 7,079,743 7,422,645 8,303,018 8,303,017
3,029,634 3,870,413 3,682,816 3,570,915 4,192,902
(768,524) (675,124) (215,221) (861,700) (1,037,574)
206,104 359,923 498,561 (43,741) 47,715
13,191,629 14,700,635 17,278,012 12,287,499 13,103,314
8,307,110 9,831,839 10,139,280 7,936,146 9,386,758
4,884,519 4,868,796 7,138,732 4,351,353 3,716,556
22,689,916 25,335,590 28,666,813 23,255,991 24,609,374
8,872,772 12,030,150 13,697,734 9,916,632 11,184,808
1,126,857 1,327,204 1,252,489 1,075,340 957,619
7,745,916 10,702,947 12,445,245 8,841,292 10,227,189
13,817,144 13,305,440 14,969,079 13,339,359 13,424,566
5,449,167 4,872,096 7,635,615 7,011,209 7,068,472
4,362,160 4,914,633 4,012,698 4,074,515 3,257,186
4,005,818 3,518,711 3,320,766 2,253,635 3,098,908
4,101,539 4,831,869 5,849,848 7,046,971 6,412,528
1,427,432 1,684,052 1,907,021 2,236,808 2,350,302
2,674,015 3,147,931 3,473,593 4,810,163 4,062,226
112,624 84,008 35,387 60,712 9,398
554,881 717,275 870,025 1,320,536 841,312
530,336 712,393 852,807 1,308,640 820,723
1,023,451 1,028,372 843,061 930,918 911,917
(322,220) 662,910 (692,866) 1,786,037 623,885
5.71% 6.93% 7.83% 11.88% 7.16%
3.86% 4.63% 4.70% 8.62% 5.53%
2.34% 2.81% 2.97% 5.63% 3.34%
12.93% 14.74% 14.58% 18.57% 12.80%
269.16% 236.39% 223.62% 170.93% 286.37%
7.89% 4.99% 1.86% 2.71% 0.40%
0.52 0.69 1.01 1.41 0.90
1.07 1.22 1.35 1.25 1.19
0.58 0.58 0.60 0.53 0.53
19.23% 19.40% 14.00% 17.52% 13.24%
40.95% 40.56% 37.99% 47.35% 46.56%
9.08 9.99 12.92 11.83 12.57
-0.61 0.93 -0.81 1.36 0.76
-0.04 0.07 -0.07 0.23 0.07
(Thousand Rupees) Modarba Comapnies - Overall
N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A
133
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Certificate capital
2.Reserves
3.Unappropriated profit
4.Others
B.Total liabilities (B1 + B2)
1.Current liablities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets (a + b)
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
1.Gross revenue(loss)
2.Operating expenses
3.Operating profit
4.Modaraba co's management fees
5.Profit/(loss) before taxation
6.Profit/(loss) after taxation
E.Other items
1.No. of certificates
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
2.Return on capital employed (ROCE) (D5/(C-B1))
3.Return on assets (ROA) (D6/C)
4.Return on revenue (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Management expenses (D4/D2)
7.Earning Per Certificate (D6/E1)
G.Liquidity Ratios
1.Current asssets to current liabilities (C1/B1) (times)
2.Total liabilities to total assets (B/C) (times)
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
265,310 232,220 238,341 211,447 199,045
182,574 184,240 184,240 184,240 184,239
54,228 54,229 55,453 55,453 55,964
28,508 (6,249) (1,352) (28,246) (41,158)
2,371 547 1,039 512 0
255,468 78,096 69,776 50,926 49,813
206,710 41,870 48,266 36,622 39,349
48,758 36,226 21,510 14,304 10,464
523,149 310,863 309,156 262,885 248,858
342,498 182,599 145,410 63,408 78,431
7,390 45,038 72,278 10,490 1,115
335,108 137,561 73,132 52,918 77,316
180,651 128,264 163,746 199,477 170,427
75,495 73,794 125,644 124,211 131,245
17,952 17,520 27,545 33,104 22,270
87,204 36,950 10,557 42,162 16,912
62,439 57,841 36,620 30,258 61,498
40,990 41,265 38,800 39,655 68,743
21,449 16,576 (2,180) (9,397) (7,245)
3,164 0 0 0 0
28,478 (11,727) 6,120 (22,287) (12,913)
28,478 (11,727) 6,120 (22,287) (12,913)
18,257 18,424 18,424 18,242 18,242
12.50% 0.00% 2.50% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
(158,098) 62,379 98,787 (45,403) 12,776
10.73% -0.05% 2.57% -10.54% -6.49%
9.00% -0.04% 2.35% -9.85% -6.16%
5.44% -0.04% 1.98% -8.48% -5.19%
45.61% -0.20% 16.71% -73.66% -21.00%
143.94% -3.52% 633.99% -177.93% -532.35%
7.72% 0.00% 0.00% 0.00% 0.00%
1.56 -0.64 0.33 -1.22 -0.71
1.66 4.36 3.01 1.73 1.99
0.49 0.25 0.23 0.19 0.20
3.43% 0.06% 8.91% 12.59% 8.95%
50.71% 0.75% 77.09% 80.43% 79.98%
14.53 12.60 12.94 11.59 10.91
-5.55 -5.32 16.14 2.04 -0.99
-0.77 1.49 2.05 -1.24 0.32
(Thousand Rupees) Modaraba Al-Mali
134
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Certificate capital
2.Reserves
3.Unappropriated profit
4.Others
B.Total liabilities (B1 + B2)
1.Current liablities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets (a + b)
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
1.Gross revenue(loss)
2.Operating expenses
3.Operating profit
4.Modaraba co's management fees
5.Profit/(loss) before taxation
6.Profit/(loss) after taxation
E.Other items
1.No. of certificates
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
2.Return on capital employed (ROCE) (D5/(C-B1))
3.Return on assets (ROA) (D6/C)
4.Return on revenue (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Management expenses (D4/D2)
7.Earning Per Certificate (D6/E1)
G.Liquidity Ratios
1.Current asssets to current liabilities (C1/B1) (times)
2.Total liabilities to total assets (B/C) (times)
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
289,439 291,395 313,462 296,968 308,442
210,000 210,000 210,000 210,000 210,000
63,941 67,772 79,628 80,970 83,677
15,498 13,623 23,834 5,998 14,765
(14,889) (1,697) (18,622) (17,272) (1,568)
57,933 43,407 34,996 21,844 23,995
51,207 35,902 27,556 13,418 17,674
6,726 7,505 7,440 8,426 6,321
332,483 333,105 329,836 301,540 330,869
217,139 223,314 205,998 204,296 253,921
9,750 68,461 9,568 24,483 11,400
207,389 154,853 196,430 179,813 242,521
115,344 109,791 123,838 97,244 76,948
61,817 56,456 76,032 42,064 43,338
53,527 53,335 43,966 29,295 18,598
0 0 3,840 25,885 15,012
51,357 52,664 67,348 65,620 63,893
7,686 9,225 9,413 11,722 13,925
43,671 43,439 57,935 53,898 49,968
2,439 1,871 3,589 508 0
21,953 16,839 32,301 4,572 11,267
21,010 16,656 31,991 4,205 11,035
21,000 21,000 21,000 21,000 21,000
7.00% 6.00% 10.00% 0.00% 5.00%
0.00% 0.00% 0.00% 0.00% 0.00%
16,323 76,399 7,086 74,367 (9,158)
7.26% 0.06% 10.21% 1.42% 3.58%
7.81% 0.06% 10.69% 1.59% 3.60%
6.32% 0.05% 9.70% 1.39% 3.34%
40.91% 0.32% 47.50% 6.41% 17.27%
36.58% 0.55% 29.42% 278.76% 126.19%
31.73% 0.20% 38.13% 4.33% 0.00%
1.00 0.79 1.52 0.20 0.53
4.24 6.22 7.48 15.23 14.37
0.17 0.13 0.11 0.07 0.07
16.10% 0.16% 13.33% 9.72% 5.62%
87.05% 0.88% 95.04% 98.48% 93.22%
13.78 13.88 14.93 14.14 14.69
0.78 4.59 0.22 17.69 -0.83
0.32 2.13 0.26 5.54 -0.52
(Thousand Rupees) Al-Noor Modaraba
135
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Certificate capital
2.Reserves
3.Unappropriated profit
4.Others
B.Total liabilities (B1 + B2)
1.Current liablities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets (a + b)
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
1.Gross revenue(loss)
2.Operating expenses
3.Operating profit
4.Modaraba co's management fees
5.Profit/(loss) before taxation
6.Profit/(loss) after taxation
E.Other items
1.No. of certificates
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
2.Return on capital employed (ROCE) (D5/(C-B1))
3.Return on assets (ROA) (D6/C)
4.Return on revenue (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Management expenses (D4/D2)
7.Earning Per Certificate (D6/E1)
G.Liquidity Ratios
1.Current asssets to current liabilities (C1/B1) (times)
2.Total liabilities to total assets (B/C) (times)
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
871,680 1,059,652
600,000 600,000
177,942 316,928
93,738 142,724
90,000 90,000
311,177 361,219
203,400 316,634
107,777 44,585
1,272,857 1,510,871
182,703 204,600
34,979 87,624
147,724 116,976
1,090,154 1,306,271
980,382 1,219,700
83,642 69,678
26,130 16,893
633,335 829,397
383,415 491,197
249,920 338,200
0 8,597
176,141 277,973
176,141 277,973
60,000 60,000
15.00% 22.50%
0.00% 0.00%
275,140 530,059
20.21% 26.23%
16.47% 23.28%
13.84% 18.40%
27.81% 33.52%
217.68% 176.71%
0.00% 1.75%
2.94 4.63
0.90 0.65
0.24 0.24
6.57% 4.61%
68.48% 70.14%
14.53 17.66
1.56 1.91
1.35 1.67
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
(Thousand Rupees) Allied Rental Modaraba
136
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Certificate capital
2.Reserves
3.Unappropriated profit
4.Others
B.Total liabilities (B1 + B2)
1.Current liablities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets (a + b)
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
1.Gross revenue(loss)
2.Operating expenses
3.Operating profit
4.Modaraba co's management fees
5.Profit/(loss) before taxation
6.Profit/(loss) after taxation
E.Other items
1.No. of certificates
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
2.Return on capital employed (ROCE) (D5/(C-B1))
3.Return on assets (ROA) (D6/C)
4.Return on revenue (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Management expenses (D4/D2)
7.Earning Per Certificate (D6/E1)
G.Liquidity Ratios
1.Current asssets to current liabilities (C1/B1) (times)
2.Total liabilities to total assets (B/C) (times)
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
74,378 80,533 87,379 91,058 94,461
51,408 59,119 63,553 68,320 68,320
11,207 13,054 15,108 16,212 17,232
11,763 8,360 8,718 6,526 8,909
7,991 10,267 5,933 557 7,760
6,803 3,085 3,279 8,688 2,439
5,927 2,862 3,158 8,521 2,193
876 223 121 167 246
89,172 93,885 96,591 100,303 104,660
85,337 90,753 95,048 99,061 103,685
29,545 8,235 25,109 15,491 8,008
55,793 82,519 69,939 83,570 95,677
3,835 3,132 1,543 1,242 975
1,180 951 808 1,202 935
2,656 2,181 735 40 40
0 0 0 0 0
19,868 10,254 11,014 14,473 11,913
1,464 1,641 1,845 2,201 2,523
18,404 8,613 9,169 12,272 9,390
1,729 773 847 811 0
15,564 6,958 7,626 7,064 5,438
12,776 6,155 6,846 3,679 3,403
5,141 5,912 6,355 6,832 6,832
0.00% 0.00% 0.00% 0.00% 0.00%
15.00% 8.00% 7.50% 0.00% 0.00%
(6,061) (21,996) 10,527 (1,307) (13,710)
17.18% 0.08% 7.83% 4.04% 3.60%
18.70% 0.08% 8.16% 7.70% 5.31%
14.33% 0.07% 7.09% 3.67% 3.25%
64.30% 0.60% 62.16% 25.42% 28.57%
11.46% 0.27% 26.95% 59.83% 74.14%
118.12% 0.47% 45.91% 36.85% 0.00%
2.49 1.04 1.08 0.54 0.50
14.40 31.71 30.10 11.63 47.28
0.08 0.03 0.03 0.09 0.02
2.98% 0.02% 0.76% 0.04% 0.04%
83.41% 0.86% 90.46% 90.78% 90.26%
14.47 13.62 13.75 13.33 13.83
-0.47 -3.57 1.54 -0.36 -4.03
-1.02 -7.69 3.33 -0.15 -6.25
(Thousand Rupees) B.F. Modaraba
137
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Certificate capital
2.Reserves
3.Unappropriated profit
4.Others
B.Total liabilities (B1 + B2)
1.Current liablities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets (a + b)
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
1.Gross revenue(loss)
2.Operating expenses
3.Operating profit
4.Modaraba co's management fees
5.Profit/(loss) before taxation
6.Profit/(loss) after taxation
E.Other items
1.No. of certificates
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
2.Return on capital employed (ROCE) (D5/(C-B1))
3.Return on assets (ROA) (D6/C)
4.Return on revenue (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Management expenses (D4/D2)
7.Earning Per Certificate (D6/E1)
G.Liquidity Ratios
1.Current asssets to current liabilities (C1/B1) (times)
2.Total liabilities to total assets (B/C) (times)
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
1,228,139 1,310,919 1,396,251 823,262 662,028
780,462 780,462 780,462 780,462 780,462
375,302 455,853 539,522 544,522 544,522
72,375 74,604 76,267 (501,722) (662,956)
196,619 324,222 437,033 (82,842) (29,134)
2,453,460 2,558,811 2,682,433 2,266,700 3,010,180
1,507,165 1,850,802 1,541,160 1,104,517 1,976,529
946,295 708,009 1,141,273 1,162,183 1,033,651
3,878,218 4,193,952 4,515,717 3,007,120 3,643,074
269,745 1,970,292 2,296,937 1,032,099 1,750,439
99,684 12,950 9,881 66,288 105,242
170,061 1,957,342 2,287,056 965,811 1,645,197
3,608,473 2,223,660 2,218,780 1,975,021 1,892,635
1,372,945 182,585 986,678 505,989 289,635
21,461 136,781 166,024 163,297 0
2,214,067 1,904,294 1,066,078 1,305,735 1,603,000
883,491 885,526 921,625 557,006 611,108
66,109 91,591 98,877 99,113 102,281
817,382 793,935 822,748 457,893 508,827
14,611 14,582 16,852 0 0
131,499 131,241 151,671 502,748 (161,234)
140,468 147,102 151,671 502,748 (161,234)
78,046 78,046 78,046 78,046 78,046
7.00% 8.50% 9.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
160,693 658,968 492,751 497,007 421,836
11.44% 0.11% 10.86% 61.07% -24.35%
5.55% 0.06% 5.10% 26.42% -9.67%
3.62% 0.04% 3.36% 16.72% -4.43%
15.90% 0.17% 16.46% 90.26% -26.38%
47.06% 0.62% 65.19% 19.71% -63.44%
22.10% 0.16% 17.04% 0.00% 0.00%
1.80 1.89 1.94 6.44 -2.07
0.18 1.07 1.49 0.93 0.89
0.63 0.61 0.59 0.75 0.83
0.55% 0.03% 3.68% 5.43% 0.00%
31.67% 0.31% 30.92% 27.38% 18.17%
15.74 16.80 17.89 10.55 8.48
1.14 4.48 3.25 0.99 -2.62
0.11 0.36 0.32 0.45 0.21
(Thousand Rupees) B.R.R. Guardian Modaraba
138
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Certificate capital
2.Reserves
3.Unappropriated profit
4.Others
B.Total liabilities (B1 + B2)
1.Current liablities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets (a + b)
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
1.Gross revenue(loss)
2.Operating expenses
3.Operating profit
4.Modaraba co's management fees
5.Profit/(loss) before taxation
6.Profit/(loss) after taxation
E.Other items
1.No. of certificates
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
2.Return on capital employed (ROCE) (D5/(C-B1))
3.Return on assets (ROA) (D6/C)
4.Return on revenue (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Management expenses (D4/D2)
7.Earning Per Certificate (D6/E1)
G.Liquidity Ratios
1.Current asssets to current liabilities (C1/B1) (times)
2.Total liabilities to total assets (B/C) (times)
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
73,903 75,571 74,736 65,069 67,185
64,625 64,625 64,625 64,625 64,625
5,679 5,867 5,927 5,928 6,350
3,599 5,079 4,184 (5,484) (3,790)
0 0 0 0 0
36,144 6,361 6,573 6,277 7,254
36,144 6,361 6,573 6,277 7,254
0 0 0 0 0
110,047 81,932 81,309 71,346 74,439
109,128 25,233 24,595 38,238 41,369
4,937 12,329 21 86 240
104,191 12,904 24,574 38,152 41,129
919 56,699 56,714 33,108 33,070
803 699 714 108 70
116 23,000 23,000 0 0
0 33,000 33,000 33,000 33,000
13,020 8,582 4,357 3,854 7,347
3,806 4,228 332 4,227 4,903
9,214 4,354 4,025 (373) 2,444
430 94 30 0 0
4,305 937 301 (4,987) 2,223
4,205 894 301 (4,987) 2,118
6,462 6,462 6,462 6,462 6,462
5.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
5,430 96,056 (17,078) 7,897 162
5.69% 0.01% 0.40% -7.66% 3.15%
5.83% 0.01% 0.40% -7.66% 3.31%
3.82% 0.01% 0.37% -6.99% 2.85%
32.30% 0.10% 6.91% -129.40% 28.83%
90.51% 4.73% 110.30% -84.76% 231.49%
11.30% 0.02% 9.04% 0.00% 0.00%
0.65 0.14 0.05 -0.77 0.33
3.02 3.97 3.74 6.09 5.70
0.33 0.08 0.08 0.09 0.10
0.11% 0.28% 28.29% 0.00% 0.00%
67.16% 0.92% 91.92% 91.20% 90.26%
11.44 11.70 11.57 10.07 10.40
1.29 107.45 -56.74 -1.58 0.08
0.15 15.10 -2.60 1.26 0.02
(Thousand Rupees) Constellation Modaraba
139
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Certificate capital
2.Reserves
3.Unappropriated profit
4.Others
B.Total liabilities (B1 + B2)
1.Current liablities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets (a + b)
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
1.Gross revenue(loss)
2.Operating expenses
3.Operating profit
4.Modaraba co's management fees
5.Profit/(loss) before taxation
6.Profit/(loss) after taxation
E.Other items
1.No. of certificates
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
2.Return on capital employed (ROCE) (D5/(C-B1))
3.Return on assets (ROA) (D6/C)
4.Return on revenue (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Management expenses (D4/D2)
7.Earning Per Certificate (D6/E1)
G.Liquidity Ratios
1.Current asssets to current liabilities (C1/B1) (times)
2.Total liabilities to total assets (B/C) (times)
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
108,064 108,602 109,140 110,902 115,926
200,000 200,000 200,000 200,000 200,000
4,288 4,288 4,557 5,438 7,950
(96,224) (95,686) (95,417) (94,536) (92,024)
0 0 (1,311) (630) (896)
22,718 23,652 23,108 23,179 44,101
22,718 23,652 23,108 23,179 43,951
0 0 0 0 150
130,782 132,254 130,937 133,451 159,131
130,782 132,254 130,619 133,451 134,649
316 286 16,088 16,490 20,812
130,466 131,968 114,531 116,961 113,837
0 0 318 0 24,482
0 0 318 0 2,285
0 0 0 0 0
0 0 0 0 22,197
123 178 1,417 4,218 15,068
2,014 646 1,822 1,919 5,983
(1,891) (468) (405) 2,299 9,085
0 0 0 0 0
(5,679) 538 538 1,762 5,024
(5,679) 538 538 1,762 5,024
20,000 20,000 20,000 20,000 20,000
0.00% 0.00% 0.00% 0.00% 1.20%
0.00% 0.00% 0.00% 0.00% 0.00%
(888) 2,770 42,512 32,502 19,282
-5.26% 0.01% 0.49% 1.59% 4.33%
-5.26% 0.01% 0.50% 1.60% 4.36%
-4.34% 0.00% 0.41% 1.32% 3.16%
-4,617.07% 3.02% 37.97% 41.77% 33.34%
-35.46% 1.20% 338.66% 108.91% 119.09%
0.00% 0.00% 0.00% 0.00% 0.00%
-0.28 0.03 0.03 0.09 0.25
5.76 5.59 5.65 5.76 3.06
0.17 0.18 0.18 0.17 0.28
0.00% 0.00% 0.00% 0.00% 0.00%
82.63% 0.82% 83.35% 83.10% 72.85%
5.40 5.43 5.46 5.55 5.80
0.16 5.15 79.02 18.45 3.84
-0.04 0.12 1.84 1.40 0.44
(Thousand Rupees) Crescent Standard Modaraba
140
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Certificate capital
2.Reserves
3.Unappropriated profit
4.Others
B.Total liabilities (B1 + B2)
1.Current liablities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets (a + b)
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
1.Gross revenue(loss)
2.Operating expenses
3.Operating profit
4.Modaraba co's management fees
5.Profit/(loss) before taxation
6.Profit/(loss) after taxation
E.Other items
1.No. of certificates
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
2.Return on capital employed (ROCE) (D5/(C-B1))
3.Return on assets (ROA) (D6/C)
4.Return on revenue (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Management expenses (D4/D2)
7.Earning Per Certificate (D6/E1)
G.Liquidity Ratios
1.Current asssets to current liabilities (C1/B1) (times)
2.Total liabilities to total assets (B/C) (times)
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
112,985 123,951 118,182 112,550 117,680
113,400 113,400 113,400 113,400 113,400
(415) 10,551 4,782 (850) 4,280
0 0 0 0 0
0 0 0 0 0
18,681 18,767 25,553 32,568 37,344
8,050 6,974 12,717 14,290 15,150
10,631 11,793 12,836 18,278 22,194
131,666 142,718 143,735 145,118 155,024
76,765 82,860 67,337 47,099 49,915
9,849 13,665 13,961 10,439 6,480
66,916 69,195 53,376 36,660 43,435
54,901 59,858 76,398 98,019 105,109
1,935 1,712 1,791 1,620 1,758
55,165 20,635 25,371 21,057 20,679
(2,199) 37,511 49,236 75,342 82,672
31,716 30,263 35,809 41,064 48,178
8,161 8,641 10,065 11,123 12,864
23,555 21,622 25,744 29,941 35,314
1,198 1,069 1,095 766 0
10,782 9,623 9,854 6,893 7,320
10,782 9,623 9,854 6,893 7,320
11,340 11,340 11,340 11,340 11,340
6.00% 6.00% 6.00% 4.50% 5.00%
0.00% 0.00% 0.00% 0.00% 0.00%
18,010 23,176 5,755 1,332 (6,079)
9.54% 0.08% 8.34% 6.12% 6.22%
8.72% 0.07% 7.52% 5.27% 5.23%
8.19% 0.07% 6.86% 4.75% 4.72%
34.00% 0.32% 27.52% 16.79% 15.19%
75.69% 0.90% 102.14% 161.37% 175.74%
14.68% 0.12% 10.88% 6.89% 0.00%
0.95 0.85 0.87 0.61 0.65
9.54 11.88 5.30 3.30 3.29
0.14 0.13 0.18 0.22 0.24
41.90% 0.15% 17.65% 14.51% 13.34%
85.81% 0.87% 82.22% 77.56% 75.91%
9.96 10.93 10.42 9.93 10.38
1.67 2.41 0.58 0.19 -0.83
2.24 3.32 0.45 0.09 -0.40
(Thousand Rupees) Elite Capital Modaraba
141
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Certificate capital
2.Reserves
3.Unappropriated profit
4.Others
B.Total liabilities (B1 + B2)
1.Current liablities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets (a + b)
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
1.Gross revenue(loss)
2.Operating expenses
3.Operating profit
4.Modaraba co's management fees
5.Profit/(loss) before taxation
6.Profit/(loss) after taxation
E.Other items
1.No. of certificates
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
2.Return on capital employed (ROCE) (D5/(C-B1))
3.Return on assets (ROA) (D6/C)
4.Return on revenue (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Management expenses (D4/D2)
7.Earning Per Certificate (D6/E1)
G.Liquidity Ratios
1.Current asssets to current liabilities (C1/B1) (times)
2.Total liabilities to total assets (B/C) (times)
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
520,165 582,748 574,163 544,464 547,821
524,400 524,400 524,400 524,400 524,400
48,096 66,096 75,543 75,689 74,975
(52,331) (7,748) (25,780) (55,625) (51,554)
0 0 0 0 0
75,717 58,671 64,951 46,040 39,126
75,068 57,732 63,842 45,035 37,729
649 939 1,109 1,005 1,397
595,882 641,419 639,114 590,504 586,947
289,177 287,273 248,798 232,708 232,002
91,613 116,157 52,857 10,757 20,183
197,564 171,116 195,941 221,951 211,819
306,705 354,146 390,316 357,796 354,945
4,653 12,460 16,964 15,189 19,051
286,485 297,036 309,231 278,917 278,133
15,567 44,650 64,121 63,690 57,761
(170,903) 39,582 26,155 22,801 25,877
30,938 20,399 20,966 20,946 23,136
(201,841) 19,183 5,189 1,855 2,741
0 0 0 0 0
(199,044) 19,810 7,566 346 (591)
(202,793) 18,000 7,367 146 (714)
52,440 52,440 52,440 52,440 52,440
0.00% 2.50% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
(65,362) 63,664 (30,463) (30,679) 13,607
-38.99% 0.03% 1.28% 0.03% -0.13%
-38.22% 0.03% 1.32% 0.06% -0.11%
-34.03% 0.03% 1.15% 0.02% -0.12%
118.66% 0.46% 28.17% 0.64% -2.76%
-15.26% 1.13% 284.59% 14,346.58% -3,240.34%
0.00% 0.00% 0.00% 0.00% 0.00%
-3.87 0.34 0.14 0.00 -0.01
3.85 4.98 3.90 5.17 6.15
0.13 0.09 0.10 0.08 0.07
48.08% 0.46% 48.38% 47.23% 47.39%
87.29% 0.91% 89.84% 92.20% 93.33%
9.92 11.11 10.95 10.38 10.45
0.32 3.54 -4.14 -210.13 -19.06
-0.87 1.10 -0.48 -0.68 0.36
(Thousand Rupees) Equity Modaraba
142
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Certificate capital
2.Reserves
3.Unappropriated profit
4.Others
B.Total liabilities (B1 + B2)
1.Current liablities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets (a + b)
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
1.Gross revenue(loss)
2.Operating expenses
3.Operating profit
4.Modaraba co's management fees
5.Profit/(loss) before taxation
6.Profit/(loss) after taxation
E.Other items
1.No. of certificates
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
2.Return on capital employed (ROCE) (D5/(C-B1))
3.Return on assets (ROA) (D6/C)
4.Return on revenue (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Management expenses (D4/D2)
7.Earning Per Certificate (D6/E1)
G.Liquidity Ratios
1.Current asssets to current liabilities (C1/B1) (times)
2.Total liabilities to total assets (B/C) (times)
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
342,360 348,724 351,545 326,707 342,360
264,138 264,138 264,138 264,138 264,138
51,793 58,005 58,064 61,914 51,793
26,429 26,581 29,343 655 26,429
0 0 0 0 0
235,113 168,041 142,696 131,052 235,113
163,313 101,047 60,781 69,246 163,313
71,800 66,994 81,915 61,806 71,800
577,473 516,765 494,241 457,759 577,473
191,525 204,416 155,691 105,432 191,525
15,468 40,429 34,160 5,469 15,468
176,057 163,987 121,531 99,963 176,057
385,948 312,349 338,550 352,327 385,948
221,392 158,927 181,426 105,765 221,392
24,552 20,158 57,195 59,881 24,552
140,004 133,264 99,929 186,681 140,004
130,860 82,616 118,948 71,449 130,860
98,067 22,106 24,960 21,077 98,067
32,793 60,510 93,988 50,372 32,793
2,929 3,689 4,631 0 0
29,293 33,207 41,680 (2,580) 29,293
27,831 33,207 41,680 (2,274) 27,831
26,413 26,413 26,413 26,413 26,413
10.00% 10.00% 10.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
62,638 34,622 (8,589) 15,893 62,638
8.13% 0.10% 11.86% -0.70% 8.13%
7.07% 0.08% 9.62% -0.66% 7.07%
4.82% 0.06% 8.43% -0.50% 4.82%
21.27% 0.40% 35.04% -3.18% 21.27%
352.37% 0.67% 59.88% -926.87% 352.37%
2.99% 0.17% 18.55% 0.00% 0.00%
1.05 1.26 1.58 -0.09 1.05
1.17 2.02 2.56 1.52 1.17
0.41 0.33 0.29 0.29 0.41
4.25% 0.04% 11.57% 13.08% 4.25%
59.29% 0.68% 71.13% 71.37% 59.29%
12.96 13.20 13.31 12.37 12.96
2.25 1.04 -0.21 -6.99 2.25
0.38 0.34 -0.14 0.23 0.38
(Thousand Rupees) Fidelity Leasing Modaraba
143
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Certificate capital
2.Reserves
3.Unappropriated profit
4.Others
B.Total liabilities (B1 + B2)
1.Current liablities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets (a + b)
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
1.Gross revenue(loss)
2.Operating expenses
3.Operating profit
4.Modaraba co's management fees
5.Profit/(loss) before taxation
6.Profit/(loss) after taxation
E.Other items
1.No. of certificates
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
2.Return on capital employed (ROCE) (D5/(C-B1))
3.Return on assets (ROA) (D6/C)
4.Return on revenue (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Management expenses (D4/D2)
7.Earning Per Certificate (D6/E1)
G.Liquidity Ratios
1.Current asssets to current liabilities (C1/B1) (times)
2.Total liabilities to total assets (B/C) (times)
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
86,680 96,064 92,442 102,508 112,178
30,000 30,000 30,000 30,000 30,000
39,092 44,089 47,123 49,329 55,043
17,588 21,975 15,319 23,179 27,135
0 0 0 0 0
96,539 48,870 115,434 83,809 112,811
93,370 45,296 110,573 76,989 104,671
3,169 3,574 4,861 6,820 8,140
183,219 144,934 207,876 186,317 224,989
177,398 139,880 201,130 180,878 216,965
22,567 45,180 57,750 48,054 6,888
154,831 94,700 143,380 132,824 210,077
5,821 5,054 6,746 5,439 8,024
5,803 5,041 6,746 5,248 7,535
0 0 0 0 0
18 13 0 191 489
60,243 56,033 51,205 58,779 78,068
20,639 18,709 20,795 22,507 25,521
39,604 37,324 30,410 36,272 52,547
2,997 2,931 2,712 2,607 0
39,821 38,938 31,185 29,982 48,341
20,621 24,983 15,167 22,065 28,570
3,000 3,000 3,000 3,000 3,000
52.00% 65.00% 40.00% 63.00% 76.00%
0.00% 0.00% 0.00% 0.00% 0.00%
33,960 62,081 9,214 13,745 (40,221)
23.79% 0.26% 0.16% 21.53% 25.47%
44.32% 0.39% 0.32% 27.42% 40.18%
11.26% 0.17% 0.07% 11.84% 12.70%
34.23% 0.45% 0.30% 37.54% 36.60%
100.09% 0.75% 1.37% 102.00% 89.33%
14.52% 0.16% 0.13% 11.58% 0.00%
6.87 8.33 5.06 7.36 9.52
1.90 3.09 1.82 2.35 2.07
0.53 0.34 0.56 0.45 0.50
0.00% 0.00% 0.00% 0.00% 0.00%
47.31% 0.66% 0.45% 55.02% 49.86%
28.89 32.02 30.81 34.17 37.39
1.65 2.49 0.61 0.62 -1.41
0.36 1.37 0.08 0.18 -0.38
(Thousand Rupees) First Imrooz Modaraba
144
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Certificate capital
2.Reserves
3.Unappropriated profit
4.Others
B.Total liabilities (B1 + B2)
1.Current liablities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets (a + b)
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
1.Gross revenue(loss)
2.Operating expenses
3.Operating profit
4.Modaraba co's management fees
5.Profit/(loss) before taxation
6.Profit/(loss) after taxation
E.Other items
1.No. of certificates
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
2.Return on capital employed (ROCE) (D5/(C-B1))
3.Return on assets (ROA) (D6/C)
4.Return on revenue (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Management expenses (D4/D2)
7.Earning Per Certificate (D6/E1)
G.Liquidity Ratios
1.Current asssets to current liabilities (C1/B1) (times)
2.Total liabilities to total assets (B/C) (times)
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
650,643 663,466 620,804 621,226 647,617
397,072 397,072 397,072 397,072 397,072
253,571 266,394 223,732 224,154 250,545
0 0 0 0 0
0 0 0 0 0
565,794 545,629 528,289 205,939 116,413
365,102 343,016 347,426 120,604 48,682
200,692 202,613 180,863 85,335 67,731
1,216,437 1,209,095 1,149,093 827,165 764,030
131,981 193,927 92,060 69,097 168,824
10,068 18,385 9,514 4,073 25,003
121,913 175,542 82,546 65,024 143,821
1,084,456 1,015,168 1,057,033 758,068 595,206
680 1,347 1,048,156 757,915 543,875
50,000 40,370 8,125 0 51,179
1,033,776 973,451 752 153 152
497,819 568,972 494,439 497,327 405,588
6,336 8,936 9,137 9,522 10,233
491,483 560,036 485,302 487,805 395,355
5,597 5,820 2,334 2,198 0
50,370 52,377 21,012 19,779 44,976
50,370 52,377 21,012 19,779 44,976
39,707 39,707 39,707 39,707 39,707
12.00% 13.00% 5.00% 5.00% 11.00%
0.00% 0.00% 0.00% 0.00% 0.00%
62,248 58,259 41,654 334,985 287,475
7.74% 0.08% 3.38% 3.18% 6.94%
5.92% 0.06% 2.62% 2.80% 6.29%
4.14% 0.04% 1.83% 2.39% 5.89%
10.12% 0.09% 4.25% 3.98% 11.09%
12.58% 0.17% 43.48% 48.14% 22.75%
88.34% 0.65% 25.54% 23.08% 0.00%
1.27 1.32 0.53 0.50 1.13
0.36 0.57 0.26 0.57 3.47
0.47 0.45 0.46 0.25 0.15
4.11% 0.03% 0.71% 0.00% 6.70%
53.49% 0.55% 54.03% 75.10% 84.76%
16.39 16.71 15.63 15.65 16.31
1.24 1.11 1.98 16.94 6.39
0.17 0.17 0.12 2.78 5.91
(Thousand Rupees) Habib Bank Modaraba
145
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Certificate capital
2.Reserves
3.Unappropriated profit
4.Others
B.Total liabilities (B1 + B2)
1.Current liablities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets (a + b)
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
1.Gross revenue(loss)
2.Operating expenses
3.Operating profit
4.Modaraba co's management fees
5.Profit/(loss) before taxation
6.Profit/(loss) after taxation
E.Other items
1.No. of certificates
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
2.Return on capital employed (ROCE) (D5/(C-B1))
3.Return on assets (ROA) (D6/C)
4.Return on revenue (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Management expenses (D4/D2)
7.Earning Per Certificate (D6/E1)
G.Liquidity Ratios
1.Current asssets to current liabilities (C1/B1) (times)
2.Total liabilities to total assets (B/C) (times)
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
1,795,312 2,497,691 2,846,818 2,618,148 2,892,195
504,000 504,000 1,008,000 1,008,000 1,008,000
1,189,586 1,888,247 1,619,090 1,407,211 1,668,921
101,726 105,444 219,728 202,937 215,274
0 0 0 0 0
2,094,533 2,503,211 1,178,832 663,054 883,008
1,531,279 1,811,583 778,516 527,696 725,861
563,254 691,628 400,316 135,358 157,147
3,889,845 5,000,902 4,025,650 3,281,202 3,775,203
1,136,053 1,808,282 1,303,313 1,163,360 1,299,651
73,492 125,153 150,213 302,136 212,337
1,062,561 1,683,129 1,153,100 861,224 1,087,314
2,753,792 3,192,620 2,722,337 2,117,842 2,475,552
2,752,172 3,191,309 2,713,543 2,103,719 2,435,300
1,407 1,164 1,211 80 1,560
213 147 7,583 14,043 38,692
1,206,401 1,502,963 1,666,786 1,666,234 1,348,643
970,636 1,248,616 1,390,608 1,357,193 1,078,809
235,765 254,347 276,178 309,041 269,834
15,675 16,590 (29,873) 27,068 0
141,078 149,310 268,855 243,613 267,421
141,078 149,310 268,855 243,613 267,421
100,800 100,800 201,600 201,600 201,600
20.00% 20.00% 21.00% 20.00% 21.00%
0.00% 0.00% 0.00% 0.00% 0.00%
(589,067) (232,787) 559,621 805,462 (102,404)
7.86% 5.98% 9.44% 9.30% 9.25%
5.98% 4.68% 8.28% 8.85% 8.77%
3.63% 2.99% 6.68% 7.42% 7.08%
11.69% 9.93% 16.13% 14.62% 19.83%
688.01% 836.26% 517.23% 557.11% 403.41%
1.62% 1.33% -2.15% 1.99% 0.00%
1.40 1.48 1.33 1.21 1.33
0.74 1.00 1.67 2.20 1.79
0.54 0.50 0.29 0.20 0.23
0.04% 0.02% 0.03% 0.00% 0.04%
46.15% 49.94% 70.72% 79.79% 76.61%
17.81 24.78 14.12 12.99 14.35
-4.18 -1.56 2.08 3.31 -0.38
-0.39 -0.13 0.72 1.53 -0.14
(Thousand Rupees) Habib Modaraba
146
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Certificate capital
2.Reserves
3.Unappropriated profit
4.Others
B.Total liabilities (B1 + B2)
1.Current liablities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets (a + b)
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
1.Gross revenue(loss)
2.Operating expenses
3.Operating profit
4.Modaraba co's management fees
5.Profit/(loss) before taxation
6.Profit/(loss) after taxation
E.Other items
1.No. of certificates
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
2.Return on capital employed (ROCE) (D5/(C-B1))
3.Return on assets (ROA) (D6/C)
4.Return on revenue (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Management expenses (D4/D2)
7.Earning Per Certificate (D6/E1)
G.Liquidity Ratios
1.Current asssets to current liabilities (C1/B1) (times)
2.Total liabilities to total assets (B/C) (times)
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
160,177 164,437 171,959 239,066 247,982
116,875 116,875 116,875 201,875 201,875
43,302 35,409 48,348 31,892 39,142
0 12,153 6,736 5,299 6,965
0 0 85,000 0 0
44,476 42,819 17,568 130,802 131,900
44,128 42,458 3,695 126,999 127,681
348 361 13,873 3,803 4,219
204,653 207,256 274,527 369,868 379,882
203,829 193,396 215,711 307,893 338,249
123,612 18,683 21,956 1,144 1,058
80,217 174,713 193,755 306,749 337,191
824 13,860 58,816 61,975 41,633
799 993 27,405 22,935 4,248
0 12,842 0 7,809 0
25 25 31,411 31,231 37,385
15,677 17,168 25,619 34,037 60,205
5,772 5,068 13,680 13,474 40,739
9,905 12,100 11,939 20,563 19,466
596 905 546 183 0
5,361 8,144 4,916 1,644 2,082
7,255 8,144 4,916 1,644 2,082
11,687 11,687 11,687 20,188 20,188
7.00% 8.00% 5.00% 3.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
90,371 (83,692) (25,767) 9,496 (1,693,834)
4.53% 0.05% 2.86% 0.69% 0.84%
3.34% 0.05% 1.82% 0.68% 0.83%
3.55% 0.04% 1.79% 0.44% 0.55%
46.28% 0.47% 19.19% 4.83% 3.46%
79.56% 0.62% 278.28% 819.59% 1,956.72%
10.33% 0.18% 3.99% 1.36% 0.00%
0.62 0.70 0.42 0.08 0.10
4.62 4.56 58.38 2.42 2.65
0.22 0.21 0.06 0.35 0.35
0.00% 0.06% 0.00% 2.11% 0.00%
78.27% 0.79% 62.64% 64.64% 65.28%
13.71 14.07 14.71 11.84 12.28
12.46 -10.28 -5.24 5.78 -813.56
2.05 -1.97 -6.97 0.07 -13.27
(Thousand Rupees) IBL Modaraba
147
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Certificate capital
2.Reserves
3.Unappropriated profit
4.Others
B.Total liabilities (B1 + B2)
1.Current liablities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets (a + b)
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
1.Gross revenue(loss)
2.Operating expenses
3.Operating profit
4.Modaraba co's management fees
5.Profit/(loss) before taxation
6.Profit/(loss) after taxation
E.Other items
1.No. of certificates
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
2.Return on capital employed (ROCE) (D5/(C-B1))
3.Return on assets (ROA) (D6/C)
4.Return on revenue (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Management expenses (D4/D2)
7.Earning Per Certificate (D6/E1)
G.Liquidity Ratios
1.Current asssets to current liabilities (C1/B1) (times)
2.Total liabilities to total assets (B/C) (times)
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
50,646 52,872 42,716 258,322 275,418
83,160 83,160 83,160 282,744 282,744
8,288 8,733 8,734 11,938 20,486
(40,802) (39,021) (49,178) (36,360) (27,812)
38 0 19,958 0 (665)
2,477 1,892 169,833 185,191 678,915
1,009 1,398 80,309 159,906 665,904
1,468 494 89,524 25,285 13,011
53,161 54,764 232,507 443,513 953,668
48,050 53,111 125,038 302,421 762,537
11,104 42,795 33,845 128,714 59,225
36,946 10,316 91,193 173,707 703,312
5,111 1,653 107,469 141,092 191,131
801 556 1,803 7,643 8,089
0 0 0 17,020 19,342
4,310 1,097 105,666 116,429 163,700
2,328 5,329 10,700 41,990 87,585
1,984 2,220 14,516 18,118 24,895
344 3,109 (3,816) 23,872 62,690
0 227 0 1,780 0
(770) 2,047 7,428 16,023 17,096
(814) 2,227 8,078 16,023 17,096
8,316 8,316 8,316 28,274 28,274
0.00% 2.50% 0.00% 0.00% 2.80%
0.00% 0.00% 0.00% 0.00% 0.00%
(28,747) 11,264 (174,184) (4,931) (529,121)
-1.61% 0.04% 18.91% 6.20% 6.21%
-1.48% 0.04% 4.88% 5.65% 5.94%
-1.53% 0.04% 3.47% 3.61% 1.79%
-34.97% 0.42% 75.50% 38.16% 19.52%
-243.74% 1.00% 179.70% 113.07% 145.62%
0.00% 0.10% 0.00% 9.82% 0.00%
-0.10 0.27 0.97 0.57 0.60
47.62 37.99 1.56 1.89 1.15
0.05 0.04 0.73 0.42 0.71
0.00% 0.00% 0.00% 3.84% 2.03%
95.27% 0.97% 18.37% 58.24% 28.88%
6.09 6.36 5.14 9.14 9.74
35.32 5.06 -21.56 -0.31 -30.95
-28.49 8.06 -2.17 -0.03 -0.79
(Thousand Rupees) KASB Modaraba
148
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Certificate capital
2.Reserves
3.Unappropriated profit
4.Others
B.Total liabilities (B1 + B2)
1.Current liablities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets (a + b)
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
1.Gross revenue(loss)
2.Operating expenses
3.Operating profit
4.Modaraba co's management fees
5.Profit/(loss) before taxation
6.Profit/(loss) after taxation
E.Other items
1.No. of certificates
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
2.Return on capital employed (ROCE) (D5/(C-B1))
3.Return on assets (ROA) (D6/C)
4.Return on revenue (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Management expenses (D4/D2)
7.Earning Per Certificate (D6/E1)
G.Liquidity Ratios
1.Current asssets to current liabilities (C1/B1) (times)
2.Total liabilities to total assets (B/C) (times)
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
295,362 313,090 319,530 305,305 331,540
250,000 250,000 250,000 250,000 250,000
45,362 63,090 24,906 27,061 32,308
0 0 44,624 28,244 49,232
0 0 (13,057) (16,822) 0
1,779,232 1,888,405 2,472,502 2,121,959 1,429,718
862,822 1,233,699 1,640,342 1,410,556 1,153,656
916,410 654,706 832,160 711,403 276,062
2,074,594 2,201,495 2,778,975 2,410,442 1,761,258
1,199,247 1,238,069 1,599,576 1,450,753 1,024,130
13,476 6,795 12,265 13,879 5,019
1,185,771 1,231,274 1,587,311 1,436,874 1,019,111
875,347 963,426 1,179,399 959,689 737,128
1,275 853 1,998 211,516 2,016
869,231 959,733 1,176,562 748,173 61,425
4,841 2,840 839 0 673,687
154,362 222,132 227,964 352,479 370,064
12,794 14,119 16,432 66,634 134,157
141,568 208,013 211,532 285,845 235,907
3,382 4,613 3,529 1,197 0
30,438 41,516 31,763 10,775 26,234
30,438 41,516 31,763 10,775 26,234
25,000 25,000 25,000 25,001 25,000
10.00% 12.00% 10.00% 0.00% 10.00%
0.00% 0.00% 0.00% 0.00% 0.00%
(634,595) 100,973 398,409 (398,408) 833,512
10.31% 0.13% 9.94% 3.53% 7.91%
2.51% 0.04% 2.79% 1.08% 4.32%
1.47% 0.02% 1.14% 0.45% 1.49%
19.72% 0.19% 13.93% 3.06% 7.09%
42.03% 0.34% 51.73% 618.41% 511.39%
26.43% 0.33% 21.48% 1.80% 0.00%
1.22 1.66 1.27 0.43 1.05
1.39 1.00 0.98 1.03 0.89
0.86 0.86 0.89 0.88 0.81
41.90% 0.44% 42.34% 31.04% 3.49%
14.24% 0.14% 11.50% 12.67% 18.82%
11.81 12.52 12.78 12.21 13.26
-20.85 2.43 12.54 -36.98 31.77
-0.74 0.08 0.24 -0.28 0.72
(Thousand Rupees) National Bank Modaraba
149
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Certificate capital
2.Reserves
3.Unappropriated profit
4.Others
B.Total liabilities (B1 + B2)
1.Current liablities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets (a + b)
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
1.Gross revenue(loss)
2.Operating expenses
3.Operating profit
4.Modaraba co's management fees
5.Profit/(loss) before taxation
6.Profit/(loss) after taxation
E.Other items
1.No. of certificates
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
2.Return on capital employed (ROCE) (D5/(C-B1))
3.Return on assets (ROA) (D6/C)
4.Return on revenue (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Management expenses (D4/D2)
7.Earning Per Certificate (D6/E1)
G.Liquidity Ratios
1.Current asssets to current liabilities (C1/B1) (times)
2.Total liabilities to total assets (B/C) (times)
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
91,375 97,552 96,920 59,416 66,313
125,400 125,400 125,400 125,400 125,400
14,226 16,521 15,710 15,466 18,225
(48,251) (44,369) (44,190) (81,450) (77,312)
0 0 0 0 0
4,545 5,650 5,240 4,784 5,373
4,015 4,836 3,932 4,175 4,939
530 814 1,308 609 434
95,920 103,202 102,160 64,200 71,686
92,503 98,369 96,590 60,771 69,968
31,308 52,956 44,470 1,532 37,759
61,195 45,413 52,120 59,239 32,209
3,417 4,833 5,570 3,429 1,718
707 212 80 124 197
2,573 4,401 0 0 0
137 220 5,490 3,305 1,521
5,804 11,254 14,282 3,574 9,328
4,787 4,796 3,319 3,579 4,646
1,017 6,458 10,963 (5) 4,682
0 719 490 0 0
(1,773) 6,469 6,121 33,498 7,162
(1,773) 6,469 5,631 33,498 6,897
12,540 12,540 12,540 12,540 12,540
0.00% 3.00% 3.00% 0.00% 3.00%
0.00% 0.00% 0.00% 0.00% 0.00%
1,755 4,217 (6,315) (45,608) 19,167
-1.94% 0.07% 5.81% 56.38% 10.40%
-1.93% 0.07% 6.23% 55.81% 10.73%
-1.85% 0.06% 5.51% 52.18% 9.62%
-30.55% 0.58% 39.43% 937.27% 73.94%
-269.99% 0.74% 58.94% 10.68% 67.36%
0.00% 0.15% 14.76% 0.00% 0.00%
-0.14 0.52 0.45 2.67 0.55
23.04 20.34 24.57 14.56 14.17
0.05 0.06 0.05 0.07 0.07
2.68% 0.04% 0.00% 0.00% 0.00%
95.26% 0.95% 94.87% 92.55% 92.50%
7.29 7.78 7.73 4.74 5.29
-0.99 0.65 -1.12 -1.36 2.78
0.44 0.87 -1.61 -10.92 3.88
(Thousand Rupees) Pak Modaraba
150
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Certificate capital
2.Reserves
3.Unappropriated profit
4.Others
B.Total liabilities (B1 + B2)
1.Current liablities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets (a + b)
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
1.Gross revenue(loss)
2.Operating expenses
3.Operating profit
4.Modaraba co's management fees
5.Profit/(loss) before taxation
6.Profit/(loss) after taxation
E.Other items
1.No. of certificates
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
2.Return on capital employed (ROCE) (D5/(C-B1))
3.Return on assets (ROA) (D6/C)
4.Return on revenue (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Management expenses (D4/D2)
7.Earning Per Certificate (D6/E1)
G.Liquidity Ratios
1.Current asssets to current liabilities (C1/B1) (times)
2.Total liabilities to total assets (B/C) (times)
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
83,746 103,047 108,957 118,845 126,764
58,633 58,633 58,633 58,633 58,633
16,140 37,521 41,229 50,277 56,127
8,973 6,893 9,095 9,935 12,004
0 0 0 0 0
22,233 62,145 96,827 88,614 100,795
19,530 45,490 78,899 87,095 47,777
2,703 16,655 17,928 1,519 53,018
105,979 165,192 205,784 207,459 227,559
66,785 79,873 107,105 124,783 131,394
22,901 10,504 37,777 17,113 30,310
43,884 69,369 69,328 107,670 101,084
39,194 85,319 98,679 82,676 96,165
29,347 53,122 53,830 59,510 18,176
3,063 3,126 3,577 3,126 3
6,784 29,071 41,272 20,040 77,986
19,278 17,461 28,339 39,194 23,536
5,086 5,184 6,936 6,679 8,500
14,192 12,277 21,403 32,515 15,036
1,307 934 1,373 2,011 0
11,761 8,408 12,359 18,098 16,713
11,731 8,394 12,359 18,098 16,713
5,863 5,863 5,863 5,863 5,863
15.00% 11.00% 14.00% 15.00% 18.00%
0.00% 0.00% 0.00% 0.00% 0.00%
17,316 14,646 33,147 25,305 19,587
14.01% 0.08% 11.34% 15.23% 13.18%
13.61% 0.07% 9.74% 15.04% 9.30%
11.07% 0.05% 6.01% 8.72% 7.34%
60.85% 0.48% 43.61% 46.18% 71.01%
43.36% 0.62% 56.12% 36.90% 50.86%
25.70% 0.18% 19.80% 30.11% 0.00%
2.00 1.43 2.11 3.09 2.85
3.42 1.76 1.36 1.43 2.75
0.21 0.38 0.47 0.43 0.44
2.89% 0.02% 1.74% 1.51% 0.00%
79.02% 0.62% 52.95% 57.29% 55.71%
14.28 17.58 18.58 20.27 21.62
1.48 1.75 2.68 1.40 1.17
0.89 0.32 0.42 0.29 0.41
(Thousand Rupees) Paramount Modaraba
151
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Certificate capital
2.Reserves
3.Unappropriated profit
4.Others
B.Total liabilities (B1 + B2)
1.Current liablities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets (a + b)
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
1.Gross revenue(loss)
2.Operating expenses
3.Operating profit
4.Modaraba co's management fees
5.Profit/(loss) before taxation
6.Profit/(loss) after taxation
E.Other items
1.No. of certificates
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
2.Return on capital employed (ROCE) (D5/(C-B1))
3.Return on assets (ROA) (D6/C)
4.Return on revenue (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Management expenses (D4/D2)
7.Earning Per Certificate (D6/E1)
G.Liquidity Ratios
1.Current asssets to current liabilities (C1/B1) (times)
2.Total liabilities to total assets (B/C) (times)
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
532,264 586,655 601,944 601,944 505,488
872,177 872,177 872,177 872,177 872,177
88,199 99,077 113,586 113,586 120,245
(428,112) (384,599) (383,819) (383,819) (486,934)
(1,265) (1,311) 0 0 0
121,806 136,092 151,660 151,660 63,615
35,963 49,750 90,195 90,195 44,549
85,843 86,342 61,465 61,465 19,066
652,805 721,436 753,604 753,604 569,103
274,141 403,681 498,192 498,192 429,512
83,847 191,801 161,758 161,758 73,432
190,294 211,880 336,434 336,434 356,080
378,664 317,755 255,412 255,412 139,591
5,455 3,265 1,877 1,877 85,179
27,292 22,965 6,809 6,809 7,277
345,917 291,525 246,726 246,726 47,135
124,827 130,838 148,549 148,549 87,636
24,880 19,657 17,934 17,934 52,994
99,947 111,181 130,615 130,615 34,642
2,208 6,043 4,653 4,653 0
21,258 55,519 41,788 41,788 32,835
20,894 54,391 41,455 41,455 33,293
87,218 87,218 87,218 87,218 87,218
0.00% 3.00% 3.00% 0.00% 3.00%
0.00% 0.00% 0.00% 0.00% 0.00%
105,126 112,019 (17,336) (17,336) 90,373
3.93% 0.09% 6.89% 6.89% 6.59%
3.45% 0.08% 6.30% 6.30% 6.26%
3.20% 0.08% 5.50% 5.50% 5.85%
16.74% 0.42% 27.91% 27.91% 37.99%
119.08% 0.36% 43.26% 43.26% 159.17%
8.88% 0.31% 25.95% 25.95% 0.00%
0.24 0.62 0.48 0.48 0.38
7.62 8.11 5.52 5.52 9.64
0.19 0.19 0.20 0.20 0.11
4.18% 0.03% 0.90% 0.90% 1.28%
81.54% 0.81% 79.88% 79.88% 88.82%
6.10 6.73 6.90 6.90 5.80
5.03 2.06 -0.42 -0.42 2.71
2.92 2.25 -0.19 -0.19 2.03
(Thousand Rupees) Prudential Modaraba
152
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Certificate capital
2.Reserves
3.Unappropriated profit
4.Others
B.Total liabilities (B1 + B2)
1.Current liablities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets (a + b)
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
1.Gross revenue(loss)
2.Operating expenses
3.Operating profit
4.Modaraba co's management fees
5.Profit/(loss) before taxation
6.Profit/(loss) after taxation
E.Other items
1.No. of certificates
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
2.Return on capital employed (ROCE) (D5/(C-B1))
3.Return on assets (ROA) (D6/C)
4.Return on revenue (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Management expenses (D4/D2)
7.Earning Per Certificate (D6/E1)
G.Liquidity Ratios
1.Current asssets to current liabilities (C1/B1) (times)
2.Total liabilities to total assets (B/C) (times)
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
489,750 463,978 443,635 362,998 370,029
340,200 340,200 340,200 340,200 340,200
100,336 105,578 110,684 110,683 114,199
49,214 18,200 (7,249) (87,885) (84,370)
0 0 0 0 0
1,248,374 1,334,171 3,150,969 2,683,043 2,295,069
884,851 1,199,072 2,021,160 1,350,630 1,115,787
363,523 135,099 1,129,809 1,332,413 1,179,282
1,738,124 1,798,149 3,594,604 3,046,041 2,665,098
824,002 999,847 1,724,383 1,318,999 1,143,033
11,817 48,222 38,611 26,434 42,247
812,185 951,625 1,685,772 1,292,565 1,100,786
914,122 798,302 1,870,221 1,727,042 1,522,065
777,218 792,315 1,802,881 1,633,185 1,447,816
50,625 0 10,785 38,032 19,553
86,279 5,987 56,555 55,825 54,696
429,180 435,314 715,988 1,127,458 990,266
9,059 10,270 18,172 24,129 26,650
420,121 425,044 697,816 1,103,329 963,616
7,254 2,912 1,891 0 0
65,291 26,211 17,019 90,829 7,031
65,291 26,211 17,019 90,829 7,031
34,020 34,020 34,020 34,020 34,020
15.00% 6.00% 3.02% 0.00% 1.00%
0.00% 0.00% 0.00% 0.00% 0.00%
339,492 58,013 (1,473,786) 488,814 317,145
13.33% 0.06% 3.84% 25.02% 1.90%
7.65% 0.04% 1.08% 5.36% 0.45%
3.76% 0.02% 0.47% 2.98% 0.26%
15.21% 0.06% 2.38% 8.06% 0.71%
13.88% 0.39% 106.77% 26.57% 379.04%
80.08% 0.28% 10.41% 0.00% 0.00%
1.92 0.77 0.50 2.67 0.21
0.93 0.83 0.85 0.98 1.02
0.72 0.74 0.88 0.88 0.86
2.91% 0.00% 0.30% 1.25% 0.73%
28.18% 0.26% 12.34% 11.92% 13.88%
14.40 13.64 13.04 10.67 10.88
5.20 2.21 -86.60 5.38 45.11
0.38 0.05 -0.73 0.36 0.28
(Thousand Rupees) Punjab Modaraba
153
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Certificate capital
2.Reserves
3.Unappropriated profit
4.Others
B.Total liabilities (B1 + B2)
1.Current liablities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets (a + b)
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
1.Gross revenue(loss)
2.Operating expenses
3.Operating profit
4.Modaraba co's management fees
5.Profit/(loss) before taxation
6.Profit/(loss) after taxation
E.Other items
1.No. of certificates
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
2.Return on capital employed (ROCE) (D5/(C-B1))
3.Return on assets (ROA) (D6/C)
4.Return on revenue (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Management expenses (D4/D2)
7.Earning Per Certificate (D6/E1)
G.Liquidity Ratios
1.Current asssets to current liabilities (C1/B1) (times)
2.Total liabilities to total assets (B/C) (times)
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
816,965 859,867 892,332 923,617 928,614
392,931 432,224 453,835 453,835 453,835
376,539 353,685 351,533 372,313 388,289
47,495 73,958 86,964 97,469 86,490
0 0 0 0 0
1,740,701 1,700,892 2,183,668 2,513,566 2,676,451
1,288,162 1,267,526 1,782,628 2,052,797 2,317,417
452,539 433,366 401,040 460,769 359,034
2,557,666 2,560,759 3,076,000 3,437,183 3,605,065
1,200,791 1,043,836 1,253,455 1,022,736 1,131,602
62,611 14,744 16,420 42,742 77,804
1,138,180 1,029,092 1,237,035 979,994 1,053,798
1,356,875 1,516,923 1,822,545 2,414,447 2,473,463
5,783 4,341 4,036 3,650 3,278
1,351,074 1,512,502 1,818,509 2,410,797 2,470,185
18 80 0 0 0
205,234 252,738 273,008 513,324 849,724
33,778 38,570 42,873 41,354 46,744
171,456 214,168 230,135 471,970 802,980
6,800 9,133 10,811 11,544 0
61,512 82,196 97,299 103,899 79,880
61,512 82,196 97,299 103,899 79,880
39,239 43,222 45,383 45,383 45,383
10.00% 15.00% 16.00% 16.50% 17.00%
10.00% 5.00% 0.00% 0.00% 0.00%
290,504 84,100 (296,283) (84,021) 251,783
7.53% 0.10% 10.90% 11.25% 8.60%
4.85% 0.06% 7.52% 7.51% 6.20%
2.41% 0.03% 3.16% 3.02% 2.22%
29.97% 0.33% 35.64% 20.24% 9.40%
54.91% 0.47% 44.06% 39.80% 58.52%
20.13% 0.24% 25.22% 27.92% 0.00%
1.57 1.90 2.14 2.29 1.76
0.93 0.82 0.70 0.50 0.49
0.68 0.66 0.71 0.73 0.74
52.82% 0.59% 59.12% 70.14% 68.52%
31.94% 0.34% 29.01% 26.87% 25.76%
20.82 19.89 19.66 20.35 20.46
4.72 1.02 -3.05 -0.81 3.15
0.23 0.07 -0.17 -0.04 0.11
(Thousand Rupees) Standard Chartered Modaraba
154
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Certificate capital
2.Reserves
3.Unappropriated profit
4.Others
B.Total liabilities (B1 + B2)
1.Current liablities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets (a + b)
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
1.Gross revenue(loss)
2.Operating expenses
3.Operating profit
4.Modaraba co's management fees
5.Profit/(loss) before taxation
6.Profit/(loss) after taxation
E.Other items
1.No. of certificates
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
2.Return on capital employed (ROCE) (D5/(C-B1))
3.Return on assets (ROA) (D6/C)
4.Return on revenue (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Management expenses (D4/D2)
7.Earning Per Certificate (D6/E1)
G.Liquidity Ratios
1.Current asssets to current liabilities (C1/B1) (times)
2.Total liabilities to total assets (B/C) (times)
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
111,649 428,285 476,801
142,857 500,000 500,000
0 0 24,258
(31,208) (71,715) (47,457)
0 0 0
423,589 327,498 471,211
39,754 327,498 264,521
383,835 0 206,690
535,238 755,783 948,012
378,932 525,747 609,334
16,539 64,775 38,627
362,393 460,972 570,707
156,306 230,036 338,678
156,266 229,996 323,704
0 40 14,974
40 0 0
489,112 965,983 119,001
19,877 28,623 44,722
1 937,360 74,279
0 0 0
(15,618) (40,507) 48,516
(15,618) (40,507) 48,516
14,286 50,000 50,000
0.00% 0.00% 0.00%
0.00% 0.00% 0.00%
(242,943) (139,423) (21,958)
-13.99% -9.46% 10.18%
-3.15% -9.46% 7.10%
-2.92% -5.36% 5.12%
-3.19% -4.19% 40.77%
-127.27% -70.66% 92.18%
0.00% 0.00% 0.00%
-1.09 -0.81 0.97
9.53 1.61 2.30
0.79 0.43 0.50
0.00% 0.01% 1.58%
20.86% 56.67% 50.29%
7.82 8.57 9.54
15.56 3.44 -0.45
-6.11 -0.43 -0.08
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
(Thousand Rupees) Treet Manufacaturing Modaraba
155
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Certificate capital
2.Reserves
3.Unappropriated profit
4.Others
B.Total liabilities (B1 + B2)
1.Current liablities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets (a + b)
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
1.Gross revenue(loss)
2.Operating expenses
3.Operating profit
4.Modaraba co's management fees
5.Profit/(loss) before taxation
6.Profit/(loss) after taxation
E.Other items
1.No. of certificates
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
2.Return on capital employed (ROCE) (D5/(C-B1))
3.Return on assets (ROA) (D6/C)
4.Return on revenue (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Management expenses (D4/D2)
7.Earning Per Certificate (D6/E1)
G.Liquidity Ratios
1.Current asssets to current liabilities (C1/B1) (times)
2.Total liabilities to total assets (B/C) (times)
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
194,264 199,353 199,858 211,121 208,545
211,631 211,631 211,631 211,631 211,631
24,480 26,075 26,176 28,451 30,053
(41,847) (38,353) (37,949) (28,961) (33,139)
(13,753) (12,773) (11,890) (17,269) (18,267)
5,978 6,124 37,633 22,480 70,768
5,978 6,124 37,633 22,480 70,768
0 0 0 0 0
186,489 192,704 225,601 216,332 261,046
81,851 88,098 132,947 128,853 177,207
582 341 269 113 1,686
81,269 87,757 132,678 128,740 175,521
104,638 104,606 92,654 87,479 83,839
394 348 8,909 274 244
89,886 90,766 83,720 80,426 79,183
14,358 13,492 25 6,779 4,412
4,633 9,059 3,847 16,303 12,486
416 3,469 3,342 3,772 3,678
4,217 5,590 505 12,531 8,808
500 500 0 1,265 801
3,716 5,089 504 11,263 8,006
3,716 5,089 504 11,263 8,006
21,163 21,163 21,163 21,163 2,163
0.00% 0.00% 0.00% 5.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
(6,940) (3,586) (7,003) 473 (7,715)
1.91% 0.03% 0.25% 5.33% 3.84%
2.06% 0.03% 0.27% 5.81% 4.21%
1.99% 0.03% 0.22% 5.21% 3.07%
80.21% 0.56% 13.10% 69.09% 64.12%
11.20% 0.68% 663.10% 33.49% 45.94%
120.19% 0.14% 0.00% 33.54% 21.78%
0.18 0.24 0.02 0.53 3.70
13.69 14.39 3.53 5.73 2.50
0.03 0.03 0.17 0.10 0.27
48.20% 0.47% 37.11% 37.18% 30.33%
104.17% 1.04% 88.59% 97.59% 79.89%
9.18 9.42 9.44 9.98 96.41
-1.87 -0.71 -13.89 0.04 -0.96
-1.16 -0.59 -0.19 0.02 -0.11
(Thousand Rupees) Tri-Star Modaraba
156
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Certificate capital
2.Reserves
3.Unappropriated profit
4.Others
B.Total liabilities (B1 + B2)
1.Current liablities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets (a + b)
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
1.Gross revenue(loss)
2.Operating expenses
3.Operating profit
4.Modaraba co's management fees
5.Profit/(loss) before taxation
6.Profit/(loss) after taxation
E.Other items
1.No. of certificates
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
2.Return on capital employed (ROCE) (D5/(C-B1))
3.Return on assets (ROA) (D6/C)
4.Return on revenue (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Management expenses (D4/D2)
7.Earning Per Certificate (D6/E1)
G.Liquidity Ratios
1.Current asssets to current liabilities (C1/B1) (times)
2.Total liabilities to total assets (B/C) (times)
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
311,623 254,685 243,563 257,029 279,582
273,000 273,000 273,000 298,000 298,000
38,623 (18,315) (29,437) (40,971) 49,852
0 0 0 0 (68,270)
0 0 0 0 0
77,424 65,021 28,005 43,023 91,552
75,508 62,328 25,943 15,551 33,605
1,916 2,693 2,062 27,472 57,947
389,047 319,706 271,568 300,052 371,134
255,253 235,880 203,502 189,713 185,059
1,474 1,009 3,205 8,161 8,314
253,779 234,871 200,297 181,552 176,745
133,794 83,826 68,066 110,339 186,075
57,179 53,289 45,830 89,797 163,188
34,730 30,199 21,953 20,328 11,359
41,885 338 283 214 11,528
28,832 27,762 18,674 47,498 59,305
10,531 12,305 15,757 14,088 8,950
18,301 15,457 2,917 33,410 50,355
0 0 0 0 0
21,576 (61,938) (1,933) 33,087 20,451
18,576 (64,925) (1,671) 33,087 23,397
27,300 27,300 27,300 29,800 29,800
0.00% 0.00% 0.00% 0.00% 5.00%
0.00% 0.00% 0.00% 0.00% 0.00%
(18,650) 7,445 44,262 56,419 94,764
5.96% -0.26% -0.69% 12.87% 8.37%
6.88% -0.24% -0.79% 11.63% 6.06%
4.78% -0.20% -0.62% 11.03% 6.30%
64.43% -2.34% -8.95% 69.66% 39.45%
56.69% -0.19% -942.97% 42.58% 38.25%
0.00% 0.00% 0.00% 0.00% 0.00%
0.68 -2.38 -0.06 1.11 0.79
3.38 3.78 7.84 12.20 5.51
0.20 0.20 0.10 0.14 0.25
8.93% 0.09% 8.08% 6.77% 3.06%
80.10% 0.80% 89.69% 85.66% 75.33%
11.42 9.33 8.92 8.63 9.38
-1.00 -0.12 -26.49 1.71 4.05
-0.25 0.12 1.71 3.63 2.82
(Thousand Rupees) Trust Modaraba
157
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Certificate capital
2.Reserves
3.Unappropriated profit
4.Others
B.Total liabilities (B1 + B2)
1.Current liablities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets (a + b)
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
1.Gross revenue(loss)
2.Operating expenses
3.Operating profit
4.Modaraba co's management fees
5.Profit/(loss) before taxation
6.Profit/(loss) after taxation
E.Other items
1.No. of certificates
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
2.Return on capital employed (ROCE) (D5/(C-B1))
3.Return on assets (ROA) (D6/C)
4.Return on revenue (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Management expenses (D4/D2)
7.Earning Per Certificate (D6/E1)
G.Liquidity Ratios
1.Current asssets to current liabilities (C1/B1) (times)
2.Total liabilities to total assets (B/C) (times)
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
374,024 404,130 439,590 450,296 474,679
263,866 263,866 263,866 263,866 263,866
75,711 97,608 127,761 146,307 161,538
34,447 42,656 47,963 40,123 49,275
7,683 19,131 (1,436) 25 485
139,554 137,415 150,044 163,626 165,131
32,019 23,853 30,400 38,470 41,164
107,535 113,562 119,644 125,156 123,967
521,261 560,676 588,198 613,947 640,295
433,442 447,722 443,867 433,941 456,807
359,974 220,363 226,524 59,740 61,338
73,468 227,359 217,343 374,201 395,469
87,819 112,954 144,331 180,006 183,488
38,168 50,321 88,293 107,290 96,218
49,472 62,559 55,964 72,642 87,196
179 74 74 74 74
79,210 72,793 69,083 90,164 105,954
7,875 9,993 11,114 13,804 15,442
71,335 62,800 57,969 76,360 90,512
4,117 5,691 6,233 4,121 0
37,052 51,216 56,093 37,093 50,768
37,052 51,216 56,093 37,093 50,768
26,387 26,387 26,386 26,386 26,386
8.00% 10.00% 10.00% 10.00% 12.50%
0.00% 0.00% 0.00% 0.00% 0.00%
54,998 53,415 67,326 (85,684) 73,919
9.91% 0.13% 12.76% 8.24% 10.70%
7.57% 0.10% 10.06% 6.45% 8.47%
7.11% 0.09% 9.54% 6.04% 7.93%
46.78% 0.70% 81.20% 41.14% 47.92%
21.25% 0.20% 19.81% 37.21% 30.42%
52.28% 0.57% 56.08% 29.85% 0.00%
1.40 1.94 2.13 1.41 1.92
13.54 18.77 14.60 11.28 11.10
0.27 0.25 0.26 0.27 0.26
9.49% 0.11% 9.51% 11.83% 13.62%
71.75% 0.72% 74.74% 73.34% 74.13%
14.18 15.32 16.66 17.07 17.99
1.48 1.04 1.20 -2.31 1.46
1.72 2.24 2.21 -2.23 1.80
(Thousand Rupees) UDL Modaraba
Financial Statement Analysis of Financial Sector 2010

158

Total
Equity
Total
Liabilities
Total
Assets
CY 09 4,505.9 1,612.5 6,169.3
CY 10 5,106.5 1,854.5 6,966.4
Growth% 13% 15% 13%
13%
15%
13%
12%
12%
13%
13%
14%
14%
15%
15%
16%
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
M
i
l
l
i
o
n

R
s
.
Components of Balance Sheet
0.0
200.0
400.0
600.0
800.0
CY 09 CY 10
426.7
381.8
281.1
251.8
M
i
l
l
i
o
n

R
s
.
Profit After Taxation Profit Before Taxation
EXCHANGE COMPANIES

Performance at a Glance

The balance sheet size of Exchange Companies expanded during the period under review. Total assets
witnessed an increase of 13.0 percent to stand at around Rs 7.0 billion during CY10 as compared to Rs
6.2 billion in CY09. Decrease in profit before and after taxation of 10.5 percent and10.4 percent
respectively was recorded in CY10 over CY09.

Analysis of Balance Sheet Components


Total equity increased from Rs 4.5 billion
in CY09 to Rs to 5.1 billion in CY10 or
around 13.0 percent over CY09. Total
assets increased to 7.0 billion in CY10
from 6.2 billion in CY09; recording an
increase of 13.0 percent. Analysis also
reveals that the Exchange companies were
holding around 50 percent of their total
assets in the form of highly liquid assets,
i.e., cash and bank balances because of their nature of business. The current ratio almost remained
same at 3.4 percent in CY10. Further, the formation of assets has mainly been through share capital
which was around 90 percent of total equity both in CY09 and CY10.

Profitability and Operating Efficiency
Gross revenue reached Rs 1.9 billion in CY10 showing an increase of 12.4 percent. Administrative
and general expenses increased from Rs 1.2 billion in CY09 to Rs 1.4 billion in CY10. Administrative
and general expenses were around 70 percent of the gross revenue in CY09 which increased to 74
0
500
1000
1500
2000
CY 09 CY 10
1661.2
1867.2
1157.1
1390.6
M
i
l
l
i
o
n

R
s
.
Revenue Admin. And Gen. Exp.
Financial Statement Analysis of Financial Sector 2010

159

4.6%
8.8%
6.2%
3.6%
7.0%
4.9%
0.0% 2.0% 4.0% 6.0% 8.0% 10.0%
ROA
ROCE
ROE
CY 10
CY 09
percent in CY10 showing reduced operating efficiency in CY10 compared to CY09. Profit before tax
decreased from Rs 426.7 million in CY09 to Rs 381.8 million in CY10, registering a decrease of 10.5
percent in CY10. Similarly profit after tax decreased from Rs 281.1 million in CY09 to Rs 251.8
million in CY10; recording a decrease of about 10.4 percent.

Return on capital employed (ROCE) and
Return on Assets (ROA) decreased from 8.8
percent to 7.0 percent and 4.6 percent to 3.6
percent respectively in CY10. Return on
Equity also decreased from 6.2 percent to 4.9
percent in CY10. Breakup value per share
increased from Rs. 20.8 to Rs. 21.6 in CY10.

160
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets(a + b)
a.Cash & bank balances
b.Other assets
2.Non-current assets (a + b)
a.Fixed assets
b.Other assets
D.Profit & loss account
1.Revenue
2.Administrative and general expense
3.Profit/(loss) before taxation
4.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonua shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
2.Return on capital employed (ROCE) (D3/C-B1)
3.Return on assets (ROA) (D4/C)
4.Admin. expense to profit before tax. (D2/D3) (times)
5.Earning per share (D4/E1)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total llabilities to total assets (B/C)
H.Capital /lverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
3,796,691 4,597,012 4,998,006 4,505,890 5,106,493
3,799,393 4,424,258 4,895,275 4,130,275 4,515,410
30,000 45,000 0 25,000 45,000
(32,702) 127,754 102,731 350,615 546,083
65,442 52,580 45,348 50,967 5,355
1,098,269 1,235,190 1,628,023 1,612,473 1,854,516
525,954 827,732 1,098,330 1,316,888 1,520,200
572,315 407,458 529,693 295,585 334,316
4,960,402 5,884,782 6,671,377 6,169,330 6,966,364
3,536,057 4,255,420 4,716,762 4,473,486 5,231,406
2,215,908 2,669,485 2,770,981 2,776,536 3,518,995
1,320,150 1,585,935 1,945,781 1,696,950 1,712,411
1,424,345 1,629,362 1,954,615 1,695,844 1,734,958
426,394 476,006 750,108 631,224 640,399
997,951 1,153,356 1,204,507 1,064,620 1,094,559
819,865 987,907 1,656,131 1,661,192 1,867,171
576,290 722,931 1,416,706 1,157,100 1,390,631
73,696 91,677 114,884 426,736 381,827
31,346 21,897 91,581 281,093 251,826
198,679 252,165 270,240 216,240 236,754
399,844 40,689 (3,407,508) 691,603 218,716
0.83% 0.48% 1.83% 6.24% 4.93%
1.66% 1.81% 2.06% 8.79% 7.01%
0.63% 0.37% 1.37% 4.56% 3.61%
7.82 7.89 12.33 2.71 3.64
0.16 0.09 0.34 1.30 1.06
44.67% 45.36% 41.54% 45.01% 50.51%
6.72 5.14 4.29 3.40 3.44
22.14% 20.99% 24.40% 26.14% 26.62%
76.54% 78.12% 74.92% 73.04% 73.30%
19.11 18.23 18.49 20.84 21.57
12.76 1.86 -37.21 2.46 0.87
0.76 0.05 -3.10 0.53 0.14
(Thousand Rupees) Exchange Companies - Overall
N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A
161
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets(a + b)
a.Cash & bank balances
b.Other assets
2.Non-current assets (a + b)
a.Fixed assets
b.Other assets
D.Profit & loss account
1.Revenue
2.Administrative and general expense
3.Profit/(loss) before taxation
4.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonua shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
2.Return on capital employed (ROCE) (D3/C-B1)
3.Return on assets (ROA) (D4/C)
4.Admin. expense to profit before tax. (D2/D3) (times)
5.Earning per share (D4/E1)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total llabilities to total assets (B/C)
H.Capital /lverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
98,075 102,201 118,497 208,455 211,619
100,000 100,000 115,000 200,000 200,000
0 0 0 0 0
(1,925) 2,201 3,497 8,455 11,619
0 4,796 30,000 0 0
4,123 6,810 45,170 13,324 113,495
1,923 4,541 22,862 12,883 110,497
2,200 2,269 22,308 441 2,998
102,198 113,807 193,667 221,779 325,114
72,007 74,151 150,341 160,080 229,909
32,418 66,661 138,070 151,615 171,084
39,590 7,490 12,271 8,465 58,825
30,191 39,656 43,326 61,699 95,205
2,952 4,419 6,292 4,442 33,090
27,239 35,237 37,034 57,257 62,115
6,602 12,315 22,607 52,020 95,228
8,934 9,273 20,722 43,362 87,977
828 5,046 2,454 6,981 5,420
780 4,127 1,296 4,957 3,164
10,000 10,000 11,500 20,000 20,000
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
21,672 3,644 14,779 (1,468) 57,635
0.80% 4.04% 1.09% 2.38% 1.50%
0.83% 4.62% 1.44% 3.34% 2.53%
0.76% 3.63% 0.67% 2.24% 0.97%
10.79 1.84 8.44 6.21 16.23
0.08 0.41 0.11 0.25 0.16
31.72% 58.57% 71.29% 68.36% 52.62%
37.44 16.33 6.58 12.43 2.08
4.03% 5.98% 23.32% 6.01% 34.91%
95.97% 89.80% 61.19% 93.99% 65.09%
9.81 10.22 10.30 10.42 10.58
27.78 0.88 11.40 -0.30 18.22
11.27 0.80 0.65 -0.11 0.52
(Thousand Rupees) AA Exchange Company (Pvt) Ltd.
162
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets(a + b)
a.Cash & bank balances
b.Other assets
2.Non-current assets (a + b)
a.Fixed assets
b.Other assets
D.Profit & loss account
1.Revenue
2.Administrative and general expense
3.Profit/(loss) before taxation
4.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonua shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
2.Return on capital employed (ROCE) (D3/C-B1)
3.Return on assets (ROA) (D4/C)
4.Admin. expense to profit before tax. (D2/D3) (times)
5.Earning per share (D4/E1)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total llabilities to total assets (B/C)
H.Capital /lverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
101,256 96,846 198,148 198,544 199,585
100,000 100,000 200,000 200,000 200,000
0 0 0 0 0
1,256 (3,154) (1,852) (1,456) (415)
5,347 5,079 4,826 4,584 4,355
38,282 35,634 28,396 33,916 23,193
34,778 32,373 26,900 31,944 21,834
3,504 3,261 1,496 1,972 1,359
144,885 137,559 231,370 237,044 227,133
51,290 44,168 52,105 59,597 61,746
29,689 23,822 23,714 15,146 7,427
21,601 20,346 28,391 44,451 54,319
93,595 93,391 179,265 177,447 165,387
65,059 63,497 124,396 119,111 113,706
28,536 29,894 54,869 58,336 51,681
10,685 8,572 11,094 8,158 5,520
6,869 7,659 7,877 9,522 8,895
(592) (4,878) (660) 630 243
(1,209) (4,678) 1,049 154 812
100 100 200 200 200
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
30,183 (2,390) (19,602) (7,477) (7,477)
-1.19% -4.83% 0.53% 0.08% 0.41%
-0.54% -4.64% -0.32% 0.31% 0.12%
-0.83% -3.40% 0.45% 0.06% 0.36%
-11.60 -1.57 -11.93 15.11 36.60
-12.09 -46.78 5.25 0.77 4.06
20.49% 17.32% 10.25% 6.39% 3.27%
1.47 1.36 1.94 1.87 2.83
26.42% 25.90% 12.27% 14.31% 10.21%
69.89% 70.40% 85.64% 83.76% 87.87%
1,012.56 968.46 990.74 992.72 997.93
-24.97 0.51 -18.69 -48.55 -9.21
0.87 -0.07 -0.73 -0.23 -0.34
(Thousand Rupees) Al-Hameed Intl. Money Ex (Pvt) Ltd.
163
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets(a + b)
a.Cash & bank balances
b.Other assets
2.Non-current assets (a + b)
a.Fixed assets
b.Other assets
D.Profit & loss account
1.Revenue
2.Administrative and general expense
3.Profit/(loss) before taxation
4.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonua shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
2.Return on capital employed (ROCE) (D3/C-B1)
3.Return on assets (ROA) (D4/C)
4.Admin. expense to profit before tax. (D2/D3) (times)
5.Earning per share (D4/E1)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total llabilities to total assets (B/C)
H.Capital /lverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
194,594 193,151 199,356 200,662 201,231
200,000 200,000 205,410 205,410 205,410
0 0 0
(5,406) (6,849) (6,054) (4,748) (4,179)
0 0 0
1,377 979 636 788 337
816 716 636 788 337
561 263 0
195,971 194,130 199,992 201,450 201,568
90,785 150,583 139,121 141,096 142,001
90,534 143,033 137,141 140,310 138,737
251 7,550 1,980 786 3,264
105,186 43,547 60,871 60,354 59,567
11,184 10,728 9,334 8,776 7,957
94,002 32,819 51,537 51,578 51,610
18,670 8,320 6,409 4,712 619
5,901 5,276 5,168 6,727 (8,068)
(155) (1,402) 1,241 1,306 664
(249) (1,443) 1,167 1,306 569
2,000 2,000 2,054 2,054 2,054
0.00% 0.00% 0.00%
0.00% 0.00% 0.00%
2,254 (15,609) 7,610 4,053 786
-0.13% -0.75% 0.59% 0.65% 0.28%
-0.08% -0.72% 0.62% 0.65% 0.33%
-0.13% -0.74% 0.58% 0.65% 0.28%
-38.07 -3.76 4.16 5.15 -12.15
-0.12 -0.72 0.57 0.64 0.28
46.20% 73.68% 68.57% 69.65% 68.83%
111.26 210.31 218.74 179.06 421.37
0.70% 0.50% 0.32% 0.39% 0.17%
99.30% 99.50% 99.68% 99.61% 99.83%
97.30 96.58 97.06 97.69 97.97
-9.05 10.82 6.52 3.10 1.38
2.76 -21.80 11.97 5.14 2.33
- -
- -
- -
- -
- -
(Thousand Rupees) Al-Rahim Exchange Company (Pvt.) Ltd.
164
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets(a + b)
a.Cash & bank balances
b.Other assets
2.Non-current assets (a + b)
a.Fixed assets
b.Other assets
D.Profit & loss account
1.Revenue
2.Administrative and general expense
3.Profit/(loss) before taxation
4.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonua shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
2.Return on capital employed (ROCE) (D3/C-B1)
3.Return on assets (ROA) (D4/C)
4.Admin. expense to profit before tax. (D2/D3) (times)
5.Earning per share (D4/E1)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total llabilities to total assets (B/C)
H.Capital /lverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
167,062 163,809 163,875 169,434 283,984
200,000 200,000 200,000 200,000 300,000
0 0 0 0 0
(32,938) (36,191) (36,125) (30,566) (16,016)
700 700 1,700 0 0
28,692 51,376 71,030 217,859 204,869
28,692 51,376 71,030 216,159 202,182
0 0 0 1,700 2,687
196,454 215,885 236,605 387,293 488,853
106,620 117,023 145,795 294,820 362,796
80,346 76,158 44,214 26,990 42,822
26,274 40,865 101,581 267,830 319,974
89,834 98,862 90,810 92,473 126,057
29,477 32,007 26,886 28,715 36,196
60,357 66,855 63,924 63,758 89,861
41,730 60,060 82,406 105,399 117,167
51,492 64,626 84,248 104,130 111,744
(9,011) (2,952) 478 8,713 11,991
(9,220) (3,252) 66 5,558 14,551
2,000 2,000 2,000 2,000 3,000
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
31,410 11,236 (30,930) (8,068) (41,700)
-5.52% -1.99% 0.04% 3.28% 5.12%
-5.37% -1.79% 0.29% 5.09% 4.18%
-4.69% -1.51% 0.03% 1.44% 2.98%
-5.71 -21.89 176.25 11.95 9.32
-4.61 -1.63 0.03 2.78 4.85
40.90% 35.28% 18.69% 6.97% 8.76%
3.72 2.28 2.05 1.36 1.79
14.60% 23.80% 30.02% 56.25% 41.91%
85.04% 75.88% 69.26% 43.75% 58.09%
83.53 81.90 81.94 84.72 94.66
-3.41 -3.46 -468.64 -1.45 -2.87
1.09 0.22 -0.44 -0.04 -0.21
(Thousand Rupees) Dollar East Exchange Company (Pvt.) Ltd.
165
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets(a + b)
a.Cash & bank balances
b.Other assets
2.Non-current assets (a + b)
a.Fixed assets
b.Other assets
D.Profit & loss account
1.Revenue
2.Administrative and general expense
3.Profit/(loss) before taxation
4.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonua shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
2.Return on capital employed (ROCE) (D3/C-B1)
3.Return on assets (ROA) (D4/C)
4.Admin. expense to profit before tax. (D2/D3) (times)
5.Earning per share (D4/E1)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total llabilities to total assets (B/C)
H.Capital /lverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
109,532 151,516 192,846 205,248 206,933
105,393 155,393 200,000 200,000 200,000
0 0 0 0 0
4,139 (3,877) (7,154) 5,248 6,933
0 0 0 0 0
5,504 1,944 14,069 12,343 25,515
5,504 1,944 14,069 10,343 23,515
0 0 0 2,000 2,000
115,036 153,460 206,915 217,591 232,448
70,094 98,326 137,702 143,503 167,485
64,863 92,860 120,512 135,273 156,376
5,231 5,466 17,190 8,230 11,109
44,942 55,134 69,213 74,088 64,963
8,617 13,137 13,543 12,592 13,032
36,325 41,997 55,670 61,496 51,931
15,223 14,644 21,590 33,191 27,373
13,876 14,178 17,253 19,658 24,845
1,227 279 (3,263) 13,515 2,526
1,151 263 (3,277) 12,402 1,685
10,539 15,539 20,000 20,000 20,000
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
0 (53) (1,920) 19,983 13,602
1.05% 0.17% -1.70% 6.04% 0.81%
1.12% 0.18% -1.69% 6.52% 1.21%
1.00% 0.17% -1.58% 5.70% 0.72%
11.31 50.82 -5.29 1.45 9.84
0.11 0.02 -0.16 0.62 0.08
56.38% 60.51% 58.24% 62.17% 67.27%
12.74 50.58 9.79 13.87 7.12
4.78% 1.27% 6.80% 5.67% 10.98%
95.22% 98.73% 93.20% 94.33% 89.02%
10.39 9.75 9.64 10.26 10.35
0.00 -0.20 0.59 1.61 8.07
0.00 -0.03 -0.14 1.93 0.58
(Thousand Rupees) Fairdeal Exchange Company (Pvt) Ltd.
166
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets(a + b)
a.Cash & bank balances
b.Other assets
2.Non-current assets (a + b)
a.Fixed assets
b.Other assets
D.Profit & loss account
1.Revenue
2.Administrative and general expense
3.Profit/(loss) before taxation
4.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonua shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
2.Return on capital employed (ROCE) (D3/C-B1)
3.Return on assets (ROA) (D4/C)
4.Admin. expense to profit before tax. (D2/D3) (times)
5.Earning per share (D4/E1)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total llabilities to total assets (B/C)
H.Capital /lverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
195,790 191,862 202,979 209,851 209,279
200,000 200,000 210,000 210,000 210,000
0 0 0 0 0
(4,210) (8,138) (7,021) (149) (721)
0 0 0 0 0
790 868 729 642 837
790 868 729 642 837
0 0 0 0 0
196,580 192,730 203,708 210,493 210,116
82,282 79,068 93,737 92,083 103,153
64,108 64,192 76,157 85,878 100,076
18,174 14,876 17,580 6,205 3,077
114,298 113,662 109,971 118,410 106,963
4,298 3,662 59,971 57,110 54,363
110,000 110,000 50,000 61,300 52,600
18,812 28,765 33,618 44,343 40,501
27,762 32,551 32,500 38,123 40,899
(8,950) (3,786) 1,118 6,220 (398)
(9,044) (3,929) 1,118 6,220 (572)
20,000 20,000 21,000 21,000 21,000
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
0 362 1,971 6,714 6,058
-4.62% -2.05% 0.55% 2.96% -0.27%
-4.57% -1.97% 0.55% 2.96% -0.19%
-4.60% -2.04% 0.55% 2.95% -0.27%
-3.10 -8.60 29.07 6.13 -102.76
-0.45 -0.20 0.05 0.30 -0.03
32.61% 33.31% 37.39% 40.80% 47.63%
104.15 91.09 128.58 143.43 123.24
0.40% 0.45% 0.36% 0.30% 0.40%
99.60% 99.55% 99.64% 99.70% 99.60%
9.79 9.59 9.67 9.99 9.97
0.00 -0.09 1.76 1.08 -10.59
0.00 0.42 2.70 10.46 7.24
(Thousand Rupees) Galaxy Exchange Company (Pvt.) Ltd.
167
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets(a + b)
a.Cash & bank balances
b.Other assets
2.Non-current assets (a + b)
a.Fixed assets
b.Other assets
D.Profit & loss account
1.Revenue
2.Administrative and general expense
3.Profit/(loss) before taxation
4.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonua shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
2.Return on capital employed (ROCE) (D3/C-B1)
3.Return on assets (ROA) (D4/C)
4.Admin. expense to profit before tax. (D2/D3) (times)
5.Earning per share (D4/E1)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total llabilities to total assets (B/C)
H.Capital /lverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
336,532 348,801 279,854 335,913 365,636
300,000 300,000 300,000 300,000 300,000
30,000 45,000 0 25,000 45,000
6,532 3,801 (20,146) 10,913 20,636
0 0 0 0 0
80,290 59,117 51,800 59,200 71,245
80,212 59,117 51,800 57,836 69,931
78 0 0 1,364 1,314
416,822 407,918 331,654 395,113 436,881
345,468 309,730 199,005 301,105 342,427
336,655 300,968 117,435 280,431 322,275
8,813 8,762 81,570 20,674 20,152
71,354 98,188 132,649 94,008 94,454
13,824 12,834 11,382 10,598 12,016
57,530 85,354 121,267 83,410 82,438
63,387 67,726 89,719 155,128 114,683
35,801 40,828 186,804 49,596 57,370
21,889 17,870 (105,384) 95,083 44,959
14,389 12,270 (68,948) 56,059 29,723
300 300 300 300 300
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
19,618 15,688 (182,589) 164,232 45,787
4.28% 3.52% -24.64% 16.69% 8.13%
6.50% 5.12% -37.66% 28.19% 12.25%
3.45% 3.01% -20.79% 14.19% 6.80%
1.64 2.28 -1.77 0.52 1.28
47.96 40.90 -229.83 186.86 99.08
80.77% 73.78% 35.41% 70.97% 73.77%
4.31 5.24 3.84 5.21 4.90
19.26% 14.49% 15.62% 14.98% 16.31%
80.74% 85.51% 84.38% 85.02% 83.69%
1,121.77 1,162.67 932.85 1,119.71 1,218.79
1.36 1.28 2.65 2.93 1.54
0.24 0.27 -3.52 2.84 0.65
(Thousand Rupees) H & H Exchange Company (Pvt.) Ltd.
168
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets(a + b)
a.Cash & bank balances
b.Other assets
2.Non-current assets (a + b)
a.Fixed assets
b.Other assets
D.Profit & loss account
1.Revenue
2.Administrative and general expense
3.Profit/(loss) before taxation
4.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonua shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
2.Return on capital employed (ROCE) (D3/C-B1)
3.Return on assets (ROA) (D4/C)
4.Admin. expense to profit before tax. (D2/D3) (times)
5.Earning per share (D4/E1)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total llabilities to total assets (B/C)
H.Capital /lverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
85,135 200,236 209,247 259,990 493,422
100,000 214,865 214,865 214,865 400,000
0 0 0 0 0
(14,865) (14,629) (5,618) 45,125 93,422
0 (9) (274) 0 0
3,590 9,546 21,588 10,447 10,603
3,590 9,546 21,588 10,200 10,079
0 0 0 247 524
88,725 209,773 230,561 270,437 504,025
80,547 202,642 221,829 210,745 388,042
7,728 17,674 91,113 202,769 310,952
72,819 184,968 130,716 7,976 77,090
8,178 7,131 8,732 59,692 115,983
6,812 6,650 5,347 4,781 10,369
1,366 481 3,385 54,911 105,614
2,621 6,066 35,358 115,692 115,771
(11,006) (14,227) 28,912 37,613 52,849
(3,922) 309 6,322 78,065 74,304
(3,958) 236 9,012 50,742 48,298
10,000 21,486 21,486 21,486 40,000
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
(16,980) 8,625 16,196 42,766 (19,391)
-4.65% 0.12% 4.31% 19.52% 9.79%
-4.61% 0.15% 3.03% 30.00% 15.04%
-4.46% 0.11% 3.91% 18.76% 9.58%
2.81 -46.04 4.57 0.48 0.71
-0.40 0.01 0.42 2.36 1.21
8.71% 8.43% 39.52% 74.98% 61.69%
22.44 21.23 10.28 20.66 38.50
4.05% 4.55% 9.36% 3.86% 2.10%
95.95% 95.45% 90.76% 96.14% 97.90%
8.51 9.32 9.74 12.10 12.34
4.29 36.55 1.80 0.84 -0.40
-4.73 0.90 0.75 4.19 -1.92
(Thousand Rupees) Habib Currency Exchange (Pvt) Ltd.
169
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets(a + b)
a.Cash & bank balances
b.Other assets
2.Non-current assets (a + b)
a.Fixed assets
b.Other assets
D.Profit & loss account
1.Revenue
2.Administrative and general expense
3.Profit/(loss) before taxation
4.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonua shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
2.Return on capital employed (ROCE) (D3/C-B1)
3.Return on assets (ROA) (D4/C)
4.Admin. expense to profit before tax. (D2/D3) (times)
5.Earning per share (D4/E1)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total llabilities to total assets (B/C)
H.Capital /lverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
118,890 121,014 245,622 320,288 375,658
100,000 100,000 200,000 200,000 200,000
0 0 0 0 0
18,890 21,014 45,622 120,288 175,658
(2,949) 1,211 0 0 0
8,339 5,746 29,063 24,732 34,209
7,950 5,003 26,137 20,177 27,325
389 743 2,926 4,555 6,884
124,280 127,971 274,685 345,020 409,867
94,951 95,822 236,204 275,737 328,491
68,465 44,037 146,386 122,657 166,030
26,486 51,785 89,818 153,080 162,461
29,329 32,149 38,481 69,283 81,376
2,701 6,600 13,073 18,915 31,173
26,628 25,549 25,408 50,368 50,203
4,933 7,918 54,473 142,553 189,170
11,834 15,198 27,904 58,743 99,654
16,267 7,180 26,569 83,810 89,516
16,095 7,124 24,608 74,666 70,370
10,000 10,000 20,000 20,000 20,000
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
6,560 (1,238) (3,419,457) (17,330) 70,204
13.54% 5.89% 10.02% 23.31% 18.73%
13.98% 5.84% 10.69% 25.80% 23.40%
12.95% 5.57% 8.96% 21.64% 17.17%
0.73 2.12 1.05 0.70 1.11
1.61 0.71 1.23 3.73 3.52
55.09% 34.41% 53.29% 35.55% 40.51%
11.94 19.15 9.04 13.67 12.02
6.71% 4.49% 10.58% 7.17% 8.35%
95.66% 94.56% 89.42% 92.83% 91.65%
11.89 12.10 12.28 16.01 18.78
0.41 -0.17 -138.96 -0.23 1.00
0.83 -0.25 -130.83 -0.86 2.57
(Thousand Rupees) Habib Qatar International Exchange Pakistan Ltd.
170
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets(a + b)
a.Cash & bank balances
b.Other assets
2.Non-current assets (a + b)
a.Fixed assets
b.Other assets
D.Profit & loss account
1.Revenue
2.Administrative and general expense
3.Profit/(loss) before taxation
4.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonua shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
2.Return on capital employed (ROCE) (D3/C-B1)
3.Return on assets (ROA) (D4/C)
4.Admin. expense to profit before tax. (D2/D3) (times)
5.Earning per share (D4/E1)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total llabilities to total assets (B/C)
H.Capital /lverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
101,304 102,779 105,636 109,217 112,297
100,000 100,000 100,000 100,000 100,000
0 0 0 0 0
1,304 2,779 5,636 9,217 12,297
0 0 0 0 0
5,527 8,458 4,144 3,193 2,871
5,527 8,458 4,144 3,193 2,871
0 0 0 0 0
106,831 111,237 109,780 112,410 115,168
105,158 109,029 108,085 111,175 114,264
7,419 9,492 8,841 1,074 947
97,739 99,537 99,244 110,101 113,317
1,673 2,208 1,695 1,235 904
1,336 1,674 1,344 1,066 805
337 534 351 169 99
4,741 6,315 8,116 9,502 8,842
2,891 3,993 3,647 3,901 4,018
1,851 2,322 4,469 5,601 4,824
1,421 1,474 2,858 3,581 3,080
10,000 10,000 10,000 10,000 10,000
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
2,744 5,194 (2,088) 2,617 2,839
1.40% 1.43% 2.71% 3.28% 2.74%
1.83% 2.26% 4.23% 5.13% 4.30%
1.33% 1.33% 2.60% 3.19% 2.67%
1.56 1.72 0.82 0.70 0.83
0.14 0.15 0.29 0.36 0.31
6.94% 8.53% 8.05% 0.96% 0.82%
19.03 12.89 26.08 34.82 39.80
5.17% 7.60% 3.77% 2.84% 2.49%
94.83% 92.40% 96.23% 97.16% 97.51%
10.13 10.28 10.56 10.92 11.23
1.93 3.52 -0.73 0.73 0.92
0.50 0.61 -0.50 0.82 0.99
(Thousand Rupees) M/S SIBL Exchange Co.
171
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets(a + b)
a.Cash & bank balances
b.Other assets
2.Non-current assets (a + b)
a.Fixed assets
b.Other assets
D.Profit & loss account
1.Revenue
2.Administrative and general expense
3.Profit/(loss) before taxation
4.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonua shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
2.Return on capital employed (ROCE) (D3/C-B1)
3.Return on assets (ROA) (D4/C)
4.Admin. expense to profit before tax. (D2/D3) (times)
5.Earning per share (D4/E1)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total llabilities to total assets (B/C)
H.Capital /lverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
204,151 205,721 209,424 218,458 213,883
200,000 200,000 200,000 200,000 200,000
0 0 0 0 0
4,151 5,721 9,424 18,458 13,883
0 0 0 0 0
3,711 12,274 23,533 96,178 25,959
2,411 10,974 22,233 94,878 25,959
1,300 1,300 1,300 1,300 0
207,862 217,995 232,957 314,636 239,842
109,288 117,718 134,402 216,527 178,781
106,238 106,344 121,344 201,144 154,013
3,050 11,374 13,058 15,383 24,768
98,574 100,277 98,555 98,109 61,061
45,914 48,244 46,466 45,253 8,369
52,660 52,033 52,089 52,856 52,692
20,071 16,153 24,851 44,202 33,925
(16,259) (19,375) 22,528 37,568 39,245
2,227 (126) 4,709 9,955 (3,781)
1,345 (207) 3,774 9,137 (4,574)
200 200 200 200 200
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
5,847 0 17,271 83,304 (79,639)
0.66% -0.10% 1.80% 4.18% -2.14%
1.08% -0.06% 2.23% 4.53% -1.77%
0.65% -0.09% 1.62% 2.90% -1.91%
-7.30 153.77 4.78 3.77 -10.38
6.73 -1.04 18.87 45.69 -22.87
51.11% 48.78% 52.09% 63.93% 64.21%
45.33 10.73 6.05 2.28 6.89
1.79% 5.63% 10.10% 30.57% 10.82%
98.21% 94.37% 89.90% 69.43% 89.18%
1,020.76 1,028.61 1,047.12 1,092.29 1,069.42
4.35 0.00 4.58 9.12 17.41
2.43 0.00 0.78 0.88 -3.07
(Thousand Rupees) Malik Exchange (Pvt) Ltd.
172
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets(a + b)
a.Cash & bank balances
b.Other assets
2.Non-current assets (a + b)
a.Fixed assets
b.Other assets
D.Profit & loss account
1.Revenue
2.Administrative and general expense
3.Profit/(loss) before taxation
4.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonua shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
2.Return on capital employed (ROCE) (D3/C-B1)
3.Return on assets (ROA) (D4/C)
4.Admin. expense to profit before tax. (D2/D3) (times)
5.Earning per share (D4/E1)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total llabilities to total assets (B/C)
H.Capital /lverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
286,786 475,739 362,892 512,490 534,596
300,000 300,000 300,000 300,000 300,000
0 0 0 0 0
(13,214) 175,739 62,892 212,490 234,596
0 0 0 0 0
502,206 342,488 513,525 379,283 301,841
2,206 1,831 62,877 117,123 107,117
500,000 340,657 450,648 262,160 194,724
788,992 818,227 876,417 891,773 836,437
678,972 712,745 775,273 793,626 822,751
90,692 260,357 189,773 190,379 215,117
588,280 452,388 585,500 603,247 607,634
110,020 105,482 101,144 98,147 13,686
10,053 10,139 9,331 11,278 12,229
99,967 95,343 91,813 86,869 1,457
14,892 25,131 100,454 125,569 126,338
19,541 26,837 28,743 32,055 (43,057)
11,153 35,561 71,712 56,221 50,296
9,242 29,610 46,497 24,320 22,106
30,000 30,000 30,000 30,000 30,000
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
(7,532) 2,527 16,024 16,024 (27,420)
3.22% 6.22% 12.81% 4.75% 4.14%
1.42% 4.36% 8.81% 7.26% 6.90%
1.17% 3.62% 5.31% 2.73% 2.64%
1.75 0.75 0.40 0.57 -0.86
0.31 0.99 1.55 0.81 0.74
11.49% 31.82% 21.65% 21.35% 25.72%
307.78 389.27 12.33 6.78 7.68
63.65% 41.86% 58.59% 42.53% 36.09%
36.35% 58.14% 41.41% 57.47% 63.91%
9.56 15.86 12.10 17.08 17.82
-0.81 0.09 0.34 0.66 -1.24
-3.41 1.38 0.25 0.14 -0.26
(Thousand Rupees) NBP Exchange Company Ltd.
173
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets(a + b)
a.Cash & bank balances
b.Other assets
2.Non-current assets (a + b)
a.Fixed assets
b.Other assets
D.Profit & loss account
1.Revenue
2.Administrative and general expense
3.Profit/(loss) before taxation
4.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonua shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
2.Return on capital employed (ROCE) (D3/C-B1)
3.Return on assets (ROA) (D4/C)
4.Admin. expense to profit before tax. (D2/D3) (times)
5.Earning per share (D4/E1)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total llabilities to total assets (B/C)
H.Capital /lverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
99,614 199,816 199,996 203,284 189,823
100,000 200,000 200,000 200,000 200,000
0 0 0 0 0
(386) (184) (4) 3,284 (10,177)
1,500 1,500 1,500 1,200 1,000
10,105 3,465 1,966 18,046 1,133
10,105 3,465 1,966 18,046 1,133
0 0 0 0 0
111,219 204,781 203,462 222,530 191,956
70,340 139,458 138,891 155,110 127,032
44,725 115,964 92,089 122,081 125,297
25,615 23,494 46,802 33,029 1,735
40,879 65,323 64,571 67,420 64,924
14,430 14,179 13,479 12,528 12,487
26,449 51,144 51,092 54,892 52,437
15,260 13,162 32,859 20,472 3,329
14,453 12,739 32,679 21,024 21,438
581 312 342 5,682 (13,445)
505 202 178 3,289 (13,461)
10,000 20,000 20,000 2,000 2,000
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
20,981 (2,801) (23,061) 30,665 4,326
0.51% 0.10% 0.09% 1.62% -7.09%
0.57% 0.15% 0.17% 2.78% -7.05%
0.45% 0.10% 0.09% 1.48% -7.01%
24.88 40.83 95.55 3.70 -1.59
0.05 0.01 0.01 1.64 -6.73
40.21% 56.63% 45.26% 54.86% 65.27%
6.96 40.25 70.65 8.60 112.12
9.09% 1.69% 0.97% 8.11% 0.59%
89.57% 97.58% 98.30% 91.35% 98.89%
9.96 9.99 10.00 101.64 94.91
41.55 -13.87 -129.56 9.32 -0.32
2.08 -0.81 -11.73 1.70 3.82
(Thousand Rupees) Noble Exchange International (Pvt) Ltd
174
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets(a + b)
a.Cash & bank balances
b.Other assets
2.Non-current assets (a + b)
a.Fixed assets
b.Other assets
D.Profit & loss account
1.Revenue
2.Administrative and general expense
3.Profit/(loss) before taxation
4.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonua shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
2.Return on capital employed (ROCE) (D3/C-B1)
3.Return on assets (ROA) (D4/C)
4.Admin. expense to profit before tax. (D2/D3) (times)
5.Earning per share (D4/E1)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total llabilities to total assets (B/C)
H.Capital /lverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
72,813 144,383 144,817 146,379 148,337
100,000 200,000 200,000 200,000 200,000
0 0 0 0 0
(27,187) (55,617) (55,183) (53,621) (51,663)
52,416 28,483 0 45,183 0
581 737 41,556 1,668 89,961
581 737 573 1,668 6,635
0 0 40,983 0 83,326
125,810 173,603 186,373 193,230 238,298
43,489 74,893 62,845 68,134 113,546
42,490 73,114 60,358 65,207 110,603
999 1,779 2,487 2,927 2,943
82,321 98,710 123,528 125,096 124,752
49,537 65,469 66,128 69,148 68,028
32,784 33,241 57,400 55,948 56,724
4,428 10,672 39,394 45,667 58,399
25,118 40,026 41,413 49,410 61,190
(20,598) (28,370) 644 2,403 3,012
(27,188) (55,616) 434 1,562 1,958
1,000 2,000 2,000 2,000 2,000
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
0 0 0 0 0
-37.34% -38.52% 0.30% 1.07% 1.32%
-16.45% -16.41% 0.35% 1.25% 1.30%
-21.61% -32.04% 0.23% 0.81% 0.82%
-1.22 -1.41 64.31 20.56 20.32
-27.19 -27.81 0.22 0.78 0.98
33.77% 42.12% 32.39% 33.75% 46.41%
74.85 101.62 109.68 40.85 17.11
0.46% 0.42% 22.30% 0.86% 37.75%
57.88% 83.17% 77.70% 75.75% 62.25%
72.81 72.19 72.41 73.19 74.17
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
(Thousand Rupees) P B S Exchange Company (Pvt.) Ltd.
175
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets(a + b)
a.Cash & bank balances
b.Other assets
2.Non-current assets (a + b)
a.Fixed assets
b.Other assets
D.Profit & loss account
1.Revenue
2.Administrative and general expense
3.Profit/(loss) before taxation
4.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonua shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
2.Return on capital employed (ROCE) (D3/C-B1)
3.Return on assets (ROA) (D4/C)
4.Admin. expense to profit before tax. (D2/D3) (times)
5.Earning per share (D4/E1)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total llabilities to total assets (B/C)
H.Capital /lverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
202,107 198,867 204,406 208,093 220,971
200,000 200,000 200,000 200,000 200,000
0 0 0 0 0
2,107 (1,133) 4,406 8,093 20,971
0 0 0 0 0
5,614 140,380 18,540 400,075 412,275
5,061 134,730 9,904 382,915 386,579
553 5,650 8,636 17,160 25,696
207,721 339,247 222,946 608,168 633,246
141,484 272,069 152,503 523,598 537,093
137,474 123,079 90,404 267,979 435,977
4,010 148,990 62,099 255,619 101,116
66,237 67,178 70,443 84,570 96,153
15,913 16,981 17,770 32,491 36,037
50,324 50,197 52,673 52,079 60,116
78,321 109,801 221,403 353,552 416,252
73,179 112,362 209,767 310,405 400,090
5,932 (753) 8,313 9,972 19,364
5,553 (3,240) 5,539 3,687 12,877
2,000 2,000 2,000 2,000 2,000
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
19,642 (127,739) (6,268) 19,425 167,546
2.75% -1.63% 2.71% 1.77% 5.83%
2.93% -0.37% 3.90% 4.43% 7.85%
2.67% -0.96% 2.48% 0.61% 2.03%
12.34 -149.22 25.23 31.13 20.66
2.78 -1.62 2.77 1.84 6.44
66.18% 36.28% 40.55% 44.06% 68.85%
27.96 2.02 15.40 1.37 1.39
2.70% 41.38% 8.32% 65.78% 65.11%
97.30% 58.62% 91.68% 34.22% 34.89%
101.05 99.43 102.20 104.05 110.49
3.54 39.43 -1.13 5.27 13.01
3.88 -0.95 -0.63 0.05 0.43
(Thousand Rupees) Pakistan Currency Exchange Co. (Pvt) (Pakistan) Ltd.
176
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets(a + b)
a.Cash & bank balances
b.Other assets
2.Non-current assets (a + b)
a.Fixed assets
b.Other assets
D.Profit & loss account
1.Revenue
2.Administrative and general expense
3.Profit/(loss) before taxation
4.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonua shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
2.Return on capital employed (ROCE) (D3/C-B1)
3.Return on assets (ROA) (D4/C)
4.Admin. expense to profit before tax. (D2/D3) (times)
5.Earning per share (D4/E1)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total llabilities to total assets (B/C)
H.Capital /lverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
98,517 162,333 189,819 187,019 197,298
140,000 200,000 200,000 200,000 200,000
0 0 0 0 0
(41,483) (37,667) (10,181) (12,981) (2,702)
0 0 0 0 0
853 4,461 11,423 75,119 53,026
853 4,461 11,423 75,119 53,026
0 0 0 0 0
99,370 166,794 201,242 262,138 250,324
97,023 85,641 114,215 182,878 125,537
66,602 25,739 35,749 106,747 103,117
30,421 59,902 78,466 76,131 22,420
2,347 81,153 87,027 79,260 124,787
2,257 3,963 80,936 75,786 68,043
90 77,190 6,091 3,474 56,744
1,979 6,597 33,784 35,797 36,391
(4,220) (6,470) (11,128) 36,097 27,097
190 3,817 22,656 (299) 9,294
122 3,815 27,486 (2,800) 10,279
14,000 20,000 20,000 20,000 20,000
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
(4,464) 3,849 12,327 74,696 (2,737)
0.12% 2.35% 14.48% -1.50% 5.21%
0.19% 2.35% 11.94% -0.16% 4.71%
0.12% 2.29% 13.66% -1.07% 4.11%
-22.21 -1.70 -0.49 -120.73 2.92
0.01 0.19 1.37 -0.14 0.51
67.02% 15.43% 17.76% 40.72% 41.19%
113.74 19.20 10.00 2.43 2.37
0.86% 2.67% 5.68% 28.66% 21.18%
99.14% 97.33% 94.32% 71.34% 78.82%
7.04 8.12 9.49 9.35 9.86
-36.59 1.01 0.45 -26.68 -0.27
-5.23 0.86 1.08 0.99 -0.05
(Thousand Rupees) Paracha International Exchange
177
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets(a + b)
a.Cash & bank balances
b.Other assets
2.Non-current assets (a + b)
a.Fixed assets
b.Other assets
D.Profit & loss account
1.Revenue
2.Administrative and general expense
3.Profit/(loss) before taxation
4.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonua shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
2.Return on capital employed (ROCE) (D3/C-B1)
3.Return on assets (ROA) (D4/C)
4.Admin. expense to profit before tax. (D2/D3) (times)
5.Earning per share (D4/E1)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total llabilities to total assets (B/C)
H.Capital /lverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
98,501 96,221 200,059 205,138 224,521
100,000 100,000 200,000 200,000 200,000
0 0 0 0 0
(1,499) (3,779) 59 5,138 24,521
0 0 0 0 0
2,186 4,653 4,756 39,284 227,518
2,186 4,653 4,756 36,913 215,543
0 0 0 2,371 11,975
100,687 100,874 204,815 244,422 452,039
96,173 93,945 94,900 120,444 321,517
58,771 52,192 55,329 109,950 251,747
37,402 41,753 39,571 10,494 69,770
4,514 6,929 109,915 123,978 130,522
4,329 5,617 66,313 70,035 72,472
185 1,312 43,602 53,943 58,050
5,929 10,812 20,932 53,807 116,287
7,023 13,384 24,102 49,901 96,420
2,045 175 1,313 7,678 30,968
257 (2,283) 911 5,079 19,383
1,000 1,000 1,000 1,000 1,000
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
21 491 (22,255) 71,664 (50,289)
0.26% -2.37% 0.46% 2.48% 8.63%
2.08% 0.18% 0.66% 3.70% 13.09%
0.26% -2.26% 0.44% 2.08% 4.29%
3.43 76.48 18.36 6.50 3.11
0.26 -2.28 0.91 5.08 19.38
58.37% 51.74% 27.01% 44.98% 55.69%
43.99 20.19 19.95 3.26 1.49
2.17% 4.61% 2.32% 16.07% 50.33%
97.83% 95.39% 97.68% 83.93% 49.67%
98.50 96.22 200.06 205.14 224.52
0.08 -0.22 -24.43 14.11 -2.59
0.01 0.11 -4.68 1.94 -0.23
(Thousand Rupees) Ravi Exchange Company Ltd
178
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets(a + b)
a.Cash & bank balances
b.Other assets
2.Non-current assets (a + b)
a.Fixed assets
b.Other assets
D.Profit & loss account
1.Revenue
2.Administrative and general expense
3.Profit/(loss) before taxation
4.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonua shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
2.Return on capital employed (ROCE) (D3/C-B1)
3.Return on assets (ROA) (D4/C)
4.Admin. expense to profit before tax. (D2/D3) (times)
5.Earning per share (D4/E1)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total llabilities to total assets (B/C)
H.Capital /lverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
113,348 202,979 210,320 209,160 202,031
100,000 200,000 200,000 200,000 200,000
0 0 0 0 0
13,348 2,979 10,320 9,160 2,031
0 0 0 0 0
3,996 2,899 2,196 1,445 676
3,303 2,619 1,326 1,130 416
693 280 870 315 260
117,344 205,878 212,516 210,605 202,707
87,911 151,208 154,051 157,178 147,312
74,671 135,884 139,625 150,026 142,343
13,240 15,324 14,426 7,152 4,969
29,433 54,670 58,465 53,427 55,395
2,662 4,001 4,294 3,160 3,679
26,771 50,669 54,171 50,267 51,716
15,910 18,056 28,849 40,808 22,948
7,778 9,707 11,630 11,407 11,833
8,204 10,226 19,236 29,003 13,643
5,178 6,630 12,341 18,841 8,870
10,000 20,000 20,000 20,000 20,000
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
959 590 (402) 22,483 4,979
4.57% 3.27% 5.87% 9.01% 4.39%
7.19% 5.03% 9.11% 13.85% 6.74%
4.41% 3.22% 5.81% 8.95% 4.38%
0.95 0.95 0.60 0.39 0.87
0.52 0.33 0.62 0.94 0.44
63.63% 66.00% 65.70% 71.24% 70.22%
26.62 57.74 116.18 139.10 354.12
3.41% 1.41% 1.03% 0.69% 0.33%
96.59% 98.59% 98.97% 99.31% 99.67%
11.33 10.15 10.52 10.46 10.10
0.19 0.09 -0.03 1.19 0.56
0.29 0.23 -0.30 19.90 11.97
(Thousand Rupees) Riaz Exchange Co. (Pvt) Ltd.
179
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets(a + b)
a.Cash & bank balances
b.Other assets
2.Non-current assets (a + b)
a.Fixed assets
b.Other assets
D.Profit & loss account
1.Revenue
2.Administrative and general expense
3.Profit/(loss) before taxation
4.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonua shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
2.Return on capital employed (ROCE) (D3/C-B1)
3.Return on assets (ROA) (D4/C)
4.Admin. expense to profit before tax. (D2/D3) (times)
5.Earning per share (D4/E1)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total llabilities to total assets (B/C)
H.Capital /lverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
103,374 104,038 181,454 169,087 264,895
104,000 104,000 200,000 200,000 300,000
0 0 0 0 0
(626) 38 (18,546) (30,913) (35,105)
0 0 0 0 0
655 681 844 2,350 10,974
655 681 844 2,350 10,405
0 0 0 0 569
104,029 104,719 182,298 171,437 275,869
76,007 75,993 128,595 111,676 219,829
75,685 74,364 118,644 102,184 206,189
322 1,629 9,951 9,492 13,640
28,022 28,726 53,703 59,761 56,040
2,021 2,725 3,620 4,261 6,040
26,001 26,001 50,083 55,500 50,000
15,804 19,674 22,059 50,660 69,855
14,616 17,058 20,439 48,044 64,219
129 1,020 (18,134) (17,423) 5,636
84 664 (18,584) (12,368) 1,394
1,040 1,040 2,000 2,000 3,000
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
(584) (6) (237) (14,868) 6,718
0.08% 0.64% -10.24% -7.31% 0.53%
0.12% 0.98% -9.99% -10.30% 2.12%
0.08% 0.63% -10.19% -7.21% 0.51%
113.30 16.72 -1.13 -2.76 11.39
0.08 0.64 -9.29 -6.18 0.46
72.75% 71.01% 65.08% 59.60% 74.74%
116.04 111.59 152.36 47.52 21.13
0.63% 0.65% 0.46% 1.37% 3.98%
99.37% 99.35% 99.54% 98.63% 96.02%
99.40 100.04 90.73 84.54 88.30
-6.95 -0.01 0.01 1.20 4.82
-0.89 -0.01 -0.28 -6.33 0.65
(Thousand Rupees) Royal International Exchange Company (Pvt) Ltd.
180
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets(a + b)
a.Cash & bank balances
b.Other assets
2.Non-current assets (a + b)
a.Fixed assets
b.Other assets
D.Profit & loss account
1.Revenue
2.Administrative and general expense
3.Profit/(loss) before taxation
4.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonua shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
2.Return on capital employed (ROCE) (D3/C-B1)
3.Return on assets (ROA) (D4/C)
4.Admin. expense to profit before tax. (D2/D3) (times)
5.Earning per share (D4/E1)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total llabilities to total assets (B/C)
H.Capital /lverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
204,766 207,196 214,479 229,180 250,494
200,000 200,000 200,000 200,000 200,000
0 0 0 0 0
4,766 7,196 14,479 29,180 50,494
0 0 0 0 0
101,472 105,267 129,048 222,581 243,979
101,472 105,267 129,048 222,581 243,979
0 0 0 0 0
306,238 312,463 343,527 451,761 494,473
249,180 240,405 252,630 354,374 397,694
134,472 194,453 134,390 298,696 357,866
114,708 45,952 118,240 55,678 39,828
57,058 72,058 90,897 97,387 96,779
16,928 18,360 35,333 41,178 40,308
40,130 53,698 55,564 56,209 56,471
65,412 82,898 122,726 219,960 268,573
(57,371) (67,487) 107,580 189,814 231,973
5,014 10,003 11,391 23,620 32,791
3,214 7,167 7,283 14,701 21,314
20,000 20,000 20,000 20,000 20,000
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
0 82,538 (32,437) 182,188 66,889
1.57% 3.46% 3.40% 6.41% 8.51%
2.45% 4.83% 5.31% 10.31% 13.09%
1.05% 2.29% 2.12% 3.25% 4.31%
-11.44 -6.75 9.44 8.04 7.07
0.16 0.36 0.36 0.74 1.07
43.91% 62.23% 39.12% 66.12% 72.37%
2.46 2.28 1.96 1.59 1.63
33.14% 33.69% 37.57% 49.27% 49.34%
66.86% 66.31% 62.43% 50.73% 50.66%
10.24 10.36 10.72 11.46 12.52
0.00 11.52 -4.45 12.39 3.14
0.00 0.78 -0.25 0.82 0.27
(Thousand Rupees) Wall Street Exchange Company (Pvt.) Ltd.
Financial Statement Analysis of Financial Sector 2010

181

INSURANCE COMPANIES

Performance at a Glance

CY10 turned out to be positive for insurance sector in Pakistan. The aggregate insurance business
(both life and non-life insurance including Takaful) grew sharply during CY10. Its balance sheet size
expanded by 14.3 percent and reached Rs 440.3 billion in CY10. Profit before and after taxation
declined considerably during CY10.

Analysis of Equity

Total equity of insurance sector
increased from Rs. Rs 84.3 billion
in CY09 to Rs. 84.9 Billion in CY10,
recording an increase of around 0.7
percent. The share capital (SC) also
increased by 7.8 percent in CY10 over
CY09. Contribution of share capital in
equity was 28.3 percent in CY10.
Total reserves of insurance companies
comprising reserves and
unappropriated profit touched Rs 60.9 billion in CY10 as compared to Rs. 62.0 billion last year.

Analysis of assets
Total assets (TA) at Rs. 440.3 billion
in CY10, showing an increase of 14.3
percent over CY09. The dominating
part in assets was investment in
securities and properties (IS) of Rs.
113.2 in CY10. IS contributing 25.7
percent of TA in CY10 decreased by
58.9 percent in CY10 over the
preceding year. Total assets grew both
in Life and non-Life Sectors. Total
assets of non-Life sector increased from Rs. 131.5 billion in CY09 to Rs 143.9 billion in CY10,
26%
-59%
14%
-70%
-50%
-30%
-10%
10%
30%
50%
0.0
100.0
200.0
300.0
400.0
500.0
C&B IS TA
B
i
l
l
i
o
n

R
s
Components of Assets
CY09 CY10 Growth
G
r
o
w
t
h
Share Capital
(SC)
Reserves (RS)
Un
Appropriated
Profit (RE)
CY09 22.3 37.8 24.3
CY10 24.0 38.2 22.7
Growth 8% 1% -7%
8%
1%
-7%
-12%
-6%
0%
6%
12%
0.0
10.0
20.0
30.0
40.0
50.0
B
i
l
l
i
o
n

R
s
Components of Equity
G
r
o
w
t
h
Financial Statement Analysis of Financial Sector 2010

182

recording a growth of 9.4 percent. Similarly, total assets of Life Insurance Sector grew by 17.0 percent
over CY09. In absolute terms, it increased from Rs 247.9 billion in CY09 to Rs. 290.1 billion in
CY10.

Analysis of Liabilities

Total liabilities (TL) of insurance
sector at Rs 300.0 billion in CY09
increased by 18.0 percent in CY10 to
Rs 354.2 billion. Balances of statutory
funds (BSF) have been Rs 223.5
billion in CY09 and Rs 262.6 billion in
CY10, showing an increase of 17.5
percent. The composition of BSF to
TL was 74.5 and 74.1 in CY09 and
CY10 respectively. Out of total
liabilities, around 80 percent pertains to life insurance business.

Profitability and operating efficiency

The main source of revenue of
insurance sector is premium. The gross
premium for year CY09 was Rs 87.4
billion which increased by 11.4 percent
to reach Rs. 97.4 billion in CY10.
Investment income which was Rs. 36.4
billion in CY09 decreased by 75.1
percent to reach Rs 9.1 billion in CY10.
Profit before and after tax dropped to
Rs. 5.3 billion and Rs. 3.4 billion in
CY10 respectively.



0.0
20.0
40.0
60.0
80.0
100.0
CY09 CY10
87.4
97.4
66.9
75.7
B
i
l
l
i
o
n

R
s
.
Premium Income Positions
Gross
Premium
Net Premium
18% 17%
43%
-20%
-30%
-20%
-10%
0%
10%
20%
30%
40%
50%
0.0
50.0
100.0
150.0
200.0
250.0
300.0
350.0
400.0
TL BSF OC MISC
B
i
l
l
i
o
n

R
s
.
CY09 CY10 Growth
Financial Statement Analysis of Financial Sector 2010

183

0.00%
2.00%
4.00%
6.00%
8.00%
ROE ROA
7.80%
1.71%
4.05%
0.78%
Profitability Ratios
CY09
CY10

Return on equity (ROE) which was 7.8
percent in CY09 droppped to 4.1 percent
in CY10.Similarly, return on assets
(ROA) which was 1.71 percent in CY10
decreased to 0.78 percent in CY10.




Earning per share (EPS) at Rs. 2.29 in
CY09, reached Rs. 1.19 per share in
CY10. Breakup value per share (BPS) is
marginally decreased from Rs. 29.41 per
share to Rs. 29.36 per share in CY10.


2.29
29.41
1.19
29.36
0
5
10
15
20
25
30
35
EPS BPS
R
s
.

p
e
r

S
h
a
r
e
Valuation per Share
CY09
CY10
184
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employs
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
6.Underwriting profit
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
2.Return on assets (ROA) (D8/C)
3.Earning per share (D8/E1) (rs. per share)
4.Claims incurred to net premium (B2/D4)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) (time)
27,709,178 67,502,889 79,294,355 84,319,908 84,945,004
8,075,054 11,649,281 21,001,523 22,291,755 24,027,893
4,707,827 14,970,812 44,317,746 37,757,097 38,225,069
14,926,297 40,882,796 13,975,086 24,271,056 22,692,042
669,873 391,391 316,877 819,131 1,179,112
189,414,000 232,750,781 263,404,552 300,169,598 354,171,054
149,019,823 174,570,642 193,936,317 223,525,201 262,565,755
32,450,662 47,748,921 52,695,558 47,774,239 68,496,099
7,943,515 10,431,218 16,772,677 28,870,158 23,109,200
217,793,051 300,645,061 343,015,784 385,308,637 440,295,170
22,373,299 24,015,788 41,361,289 34,183,294 43,233,608
9,489,714 11,925,982 13,844,094 16,678,112 546,135
158,501,694 222,852,848 235,570,708 275,622,467 113,208,909
24,798,814 38,061,663 47,301,536 52,405,483 277,772,545
2,629,530 3,788,780 4,938,157 6,419,281 5,533,973
28,561,855 58,362,392 14,174,965 36,385,553 9,046,097
48,362,717 61,274,668 76,150,980 87,428,602 97,380,750
38,643,911 47,738,030 60,955,357 66,891,124 75,691,783
26,325,166 34,750,950 42,809,380 44,853,530 52,516,546
21,154,055 27,675,822 34,725,276 35,270,353 36,035,547
6,457,752 10,108,015 27,183,638 29,215,507 14,987,697
14,793,995 39,808,398 (1,876,153) 7,970,541 5,308,117
14,128,795 38,969,919 (3,422,146) 6,575,665 3,443,284
787,237 1,763,470 2,669,063 2,867,533 2,892,877
5,435,839 4,027,860 830,219 2,328,621 9,186,914
50.99% 57.73% -4.32% 7.80% 4.05%
6.49% 12.96% -1.00% 1.71% 0.78%
17.95 22.10 -1.28 2.29 1.19
123.27% 137.40% 123.09% 106.51% 130.43%
45.71% 25.94% -794.34% 444.30% 435.27%
73.91% 122.26% 23.25% 54.40% 11.95%
0.10 0.08 0.12 0.09 0.10
72.78% 74.12% 68.68% 71.53% 25.71%
12.72% 22.45% 23.12% 21.88% 19.29%
35.20 38.28 29.71 29.41 29.36
38.47% 10.34% -24.26% 35.41% 266.81%
(Thousand Rupees) Insurance Companies - Overall
N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A
185
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employs
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
6.Underwriting profit
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
2.Return on assets (ROA) (D8/C)
3.Earning per share (D8/E1) (rs. per share)
4.Claims incurred to net premium (B2/D4)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) (time)
2,542,476 3,591,548 3,845,833 4,552,704 5,280,633
2,352,120 2,879,120 3,550,720 3,632,080 3,777,576
(332,628) (126,017) 454,004 10,474 811,071
522,984 838,445 (158,891) 910,150 691,986
16,000 0 127,208 127,208 127,208
160,572,991 188,153,972 210,435,786 243,297,422 284,741,490
148,976,136 174,542,524 193,737,166 223,481,460 261,884,095
8,354,576 9,887,550 11,796,266 11,277,889 20,722,648
3,242,279 3,723,898 4,902,354 8,538,073 2,134,747
163,131,467 191,745,520 214,408,827 247,977,334 290,149,331
16,971,299 15,226,491 23,248,989 18,748,616 27,782,284
9,364,439 11,522,580 13,715,744 16,542,211 411,115
130,509,488 156,872,639 167,762,427 200,982,882 36,131,264
5,862,215 7,609,287 8,872,574 10,410,990 224,762,620
424,026 514,523 809,093 1,292,635 1,062,048
15,337,751 20,418,637 18,922,502 21,371,584 3,445,886
19,685,832 24,870,987 33,644,399 40,568,637 52,162,756
21,755,775 26,817,670 33,475,344 39,775,876 50,855,196
8,620,740 10,717,469 19,133,182 21,669,000 22,121,901
10,564,907 13,000,049 18,330,205 20,921,771 21,180,539
4,292,472 9,192,113 22,835,966 24,929,952 13,266,748
799,035 2,056,431 211,025 1,187,872 1,527,278
657,771 1,678,708 (132,100) 1,227,145 1,012,289
154,212 206,912 280,122 304,208 349,111
4,450,048 3,463,829 2,494,830 2,433,056 10,095,741
25.87% 46.74% -3.43% 26.95% 19.17%
0.40% 0.88% -0.06% 0.49% 0.35%
4.27 8.11 -0.47 4.03 2.90
96.91% 92.26% 61.65% 52.05% 93.67%
652.58% 547.57% -17,286.88% 2,031.54% 1,310.57%
70.50% 76.14% 56.53% 53.73% 6.78%
0.10 0.08 0.11 0.08 0.10
80.00% 81.81% 78.24% 81.05% 12.45%
1.56% 1.87% 1.79% 1.84% 1.82%
16.49 17.36 13.73 14.97 15.13
676.53% 206.34% -1,888.59% 198.27% 997.32%
(Thousand Rupees) Life Insurance Corporations - Overall
N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A
186
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employs
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
6.Underwriting profit
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
2.Return on assets (ROA) (D8/C)
3.Earning per share (D8/E1) (rs. per share)
4.Claims incurred to net premium (B2/D4)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) (time)
133,249 329,542 379,763 581,065 669,193
325,000 500,000 500,000 500,000 500,000
(191,751) (170,458) (120,237) 81,065 169,193
0 0 0 0 0
0 0 0 0 0
1,533,803 1,926,152 2,369,735 2,771,591 3,669,489
1,279,671 1,595,024 1,961,522 2,318,142 3,238,863
185,441 254,393 312,609 325,000 296,435
68,691 76,735 95,604 128,449 134,191
1,667,052 2,255,694 2,749,498 3,352,656 4,338,682
375,739 209,205 164,756 106,526 64,025
31,003 41,553 53,623 68,306 83,051
1,096,468 1,761,958 1,801,339 2,856,069 3,795,700
121,253 168,421 657,500 255,923 337,353
42,589 74,557 72,280 65,832 58,553
112,306 143,087 208,723 248,389 326,117
747,156 888,204 1,155,000 1,349,482 1,893,849
655,042 802,053 1,048,496 1,267,953 1,806,525
232,825 277,729 362,000 396,613 524,643
230,160 261,600 332,228 363,070 442,406
585,867 661,987 415,508 554,620 0
40,834 46,900 78,059 96,141 133,403
40,442 32,078 50,221 62,492 86,712
32,500 50,000 50,000 50,000 50,000
0.05% 0.00% 0.00% 0.00% 0.00%
0.00% 0.54% 0.00% 0.00% 0.00%
155,451 222,191 (228,857) 762,793 590,201
30.35% 9.73% 13.22% 10.75% 12.96%
2.43% 1.42% 1.83% 1.86% 2.00%
1.24 0.64 1.00 1.25 1.73
79.65% 91.60% 86.36% 81.94% 56.50%
1,448.66% 2,063.68% 827.36% 887.51% 0.00%
17.14% 17.84% 19.91% 19.59% 18.05%
0.23 0.09 0.06 0.03 0.01
65.77% 78.11% 65.52% 85.19% 87.49%
7.99% 14.61% 13.81% 17.33% 15.42%
4.10 6.59 7.60 11.62 13.38
384.38% 692.66% -455.70% 1,220.63% 680.65%
(Thousand Rupees) Amercian Life Insurance Company Ltd.
187
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employs
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
6.Underwriting profit
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
2.Return on assets (ROA) (D8/C)
3.Earning per share (D8/E1) (rs. per share)
4.Claims incurred to net premium (B2/D4)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) (time)
183,570 228,456 228,456
160,000 200,000 200,000
2,500 2,500 2,500
21,070 25,956 25,956
127,208 127,208 127,208
67,135 63,854 63,854
0 0 0
8,639 6,301 6,301
58,496 57,553 57,553
377,913 419,518 419,518
128,417 148,998 148,998
0 0 0
6,356 22,456 22,456
80,338 79,301 79,301
162,802 168,763 168,763
9,570 19,549 19,549
0 0 0
29,768 32,203 32,203
0 0 0
10,952 14,737 14,737
0 0 0
7,355 9,448 9,448
4,886 5,518 5,518
50 20,000 20,000
0.00% 0.00% 0.00%
0.33% 0.00% 0.00%
(21) (26) (26)
2.66% 2.42% 2.42%
1.29% 1.32% 1.32%
97.72 0.28 0.28
0.00% 0.00% 0.00%
32.15% 60.71% 60.71%
0.34 0.36 0.36
1.68% 5.35% 5.35%
48.57% 54.46% 54.46%
3,671.40 11.42 11.42
-0.43% -0.47% -0.47%
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- - - - -
- -
- -
- -
- -
- -
- -
- -
(Thousand Rupees) Asia Care Health & Life Insurance Co., Ltd.
188
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employs
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
6.Underwriting profit
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
2.Return on assets (ROA) (D8/C)
3.Earning per share (D8/E1) (rs. per share)
4.Claims incurred to net premium (B2/D4)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) (time)
730,248 1,277,925 1,254,381 1,628,540 1,579,275
300,000 500,000 750,000 750,000 850,000
190,000 170,000 570,000 232,500 232,500
240,248 607,925 (65,619) 646,040 496,775
0 0 0 0 0
6,969,980 12,037,325 10,703,367 16,218,941 20,583,460
6,314,689 11,130,268 9,567,235 14,767,466 18,865,481
514,658 689,938 760,127 880,656 1,214,459
140,633 217,119 376,005 570,819 503,520
7,700,228 13,315,250 11,957,748 17,847,481 22,162,735
683,275 949,466 1,425,424 1,365,803 826,325
15,847 13,151 45,098 59,015 55,583
6,573,206 11,757,140 9,684,973 15,053,389 19,711,968
189,008 333,318 493,908 1,019,066 1,147,984
238,892 262,175 308,345 350,208 420,875
465,565 3,027,910 56,681 58,853 1,657,014
3,338,078 4,817,874 9,597,777 9,597,777 8,375,515
3,042,316 4,431,546 6,136,944 5,570,211 7,920,022
951,440 1,146,866 7,418,139 7,418,139 2,171,470
758,980 887,393 4,369,507 3,911,444 1,837,151
1,665,944 4,784,264 371,433 66,535 4,246,398
337,769 1,434,745 (314,959) 647,721 551,035
235,969 1,207,292 (473,159) 711,659 363,235
30,000 50,000 115,000 115,000 85,000
0.20% 0.30% 32.50% 32.50% 0.50%
0.67% 0.50% 0.00% 0.00% 0.00%
1,225,226 1,707,444 (507,154) 204,961 3,217,244
32.31% 94.47% -37.72% 43.70% 23.00%
3.06% 9.07% -3.96% 3.99% 1.64%
7.87 24.15 -4.11 6.19 4.27
54.09% 60.16% 10.25% 11.87% 55.93%
706.00% 396.28% -78.50% 9.35% 1,169.05%
15.30% 68.33% 0.92% 1.06% 20.92%
0.09 0.07 0.12 0.08 0.04
85.36% 88.30% 80.99% 84.34% 88.94%
9.48% 9.60% 10.49% 9.12% 7.13%
24.34 25.56 10.91 14.16 18.58
519.23% 141.43% 107.18% 28.80% 885.72%
(Thousand Rupees) E.F.U.Life Insurance Company Ltd.
189
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employs
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
6.Underwriting profit
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
2.Return on assets (ROA) (D8/C)
3.Earning per share (D8/E1) (rs. per share)
4.Claims incurred to net premium (B2/D4)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) (time)
139,471 372,333 415,341 149,369 146,958
200,000 352,000 413,600 454,960 500,456
(60,529) 20,333 1,741 (305,591) 0
0 0 0 0 (353,498)
16,000 0 0 0 0
118,349 128,963 147,823 198,947 256,916
103,725 111,940 119,822 162,256 213,986
12,097 12,662 15,503 19,395 28,022
2,527 4,361 12,498 17,296 14,908
273,820 501,296 563,164 348,316 403,874
72,885 240,151 95,896 59,770 136,182
18,588 17,966 10,933 9,464 8,553
159,431 198,875 376,890 197,560 194,146
14,896 17,918 32,834 31,257 22,422
8,020 26,386 46,611 50,265 42,571
22,861 93,639 60,927 (197,021) 25,713
120,610 166,055 194,538 235,769 250,054
69,249 90,299 107,753 154,489 5,848
80,104 133,102 157,013 165,143 162,347
35,864 67,193 78,078 94,895 152,937
17,765 5,715 (20,218) (20,218) 66,115
16,851 84,266 44,326 (222,596) 5,246
15,969 83,362 44,708 (1,236) 3,194
20,000 35,200 41,360 45,496 21,399
0.00% 0.10% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
(38,214) 51,868 (50,872) (50,870) (11,010)
11.45% 22.39% 10.76% -0.83% 2.17%
5.83% 16.63% 7.94% -0.35% 0.79%
0.80 2.37 1.08 -0.03 0.15
15.10% 9.51% 9.87% 11.74% 17.26%
111.25% 6.86% -45.22% 1,635.76% 2,069.97%
33.01% 103.70% 56.54% -127.53% 439.69%
0.27 0.48 0.17 0.17 0.34
58.22% 39.67% 66.92% 56.72% 48.07%
50.94% 74.27% 73.75% 42.88% 36.39%
6.97 10.58 10.04 3.28 6.87
-239.30% 62.22% -113.79% 4,115.70% -344.71%
(Thousand Rupees) East West Life Insurance Co., Ltd.
190
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employs
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
6.Underwriting profit
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
2.Return on assets (ROA) (D8/C)
3.Earning per share (D8/E1) (rs. per share)
4.Claims incurred to net premium (B2/D4)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) (time)
356,772 481,228 416,562 546,505 1,149,873
627,120 627,120 627,120 627,120 627,120
(270,348) (145,892) 0
0 0 (210,558) (80,615) 522,753
0 0 0 0 0
3,684,948 5,370,587 5,226,315 7,777,475 10,196,600
3,318,280 4,967,990 4,629,457 6,788,311 9,144,236
252,672 307,051 476,459 751,169 1,051,320
113,996 95,546 120,399 237,995 1,044
4,041,720 5,851,815 5,642,877 8,323,980 11,346,473
1,506,956 2,109,065 3,257,997 2,123,027 1,084,664
3,285 3,718 4,266 3,876 4,560
2,317,733 3,481,067 2,031,512 5,579,564 9,673,115
139,966 175,936 254,523 118,115 423,265
73,780 82,029 94,579 499,398 160,869
58,475 50,439 (110,311) 78,014 1,302,972
2,291,224 2,978,851 3,435,119 4,363,155 5,802,439
2,077,593 2,777,076 3,457,103 4,384,114 5,451,804
786,779 1,168,089 1,756,884 1,710,439 2,049,922
627,801 1,001,012 760,675 814,037 1,661,786
1,259,262 1,754,710 1,112,379 1,878,176 3,075,253
94,798 150,028 (49,972) 160,744 217,268
82,655 125,456 (54,972) 129,943 146,752
62,712 62,712 62,712 62,712 62,712
0.05% 0.05% 0.00% 0.00% 0.15%
0.00% 0.00% 0.00% 0.00% 0.00%
987,887 1,091,360 591,271 1,150,556 1,829,289
23.17% 26.07% -13.20% 23.78% 12.76%
2.05% 2.14% -0.97% 1.56% 1.29%
1.32 2.00 -0.88 2.07 2.34
32.11% 26.29% 27.12% 43.92% 51.29%
1,523.52% 1,398.67% -2,023.54% 1,445.38% 2,095.54%
2.81% 1.82% -3.19% 1.78% 23.90%
0.37 0.36 0.58 0.26 0.10
57.35% 59.49% 36.00% 67.03% 85.25%
8.83% 8.22% 7.38% 6.57% 10.13%
5.69 7.67 6.64 8.71 18.34
1,195.19% 869.91% -1,075.59% 885.43% 1,246.52%
- -
(Thousand Rupees) New Jubilee Life Insurance Company Ltd.
191
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employs
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
6.Underwriting profit
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
2.Return on assets (ROA) (D8/C)
3.Earning per share (D8/E1) (rs. per share)
4.Claims incurred to net premium (B2/D4)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) (time)
1,182,736 1,130,520 1,196,216 1,418,769 1,506,878
900,000 900,000 1,100,000 1,100,000 1,100,000
0 0 0 0 406,878
282,736 230,520 96,216 318,769 0
0 0 0 0 0
148,265,911 168,690,945 191,921,411 216,266,614 249,971,171
137,959,771 156,737,302 177,459,130 199,445,285 230,421,529
7,389,708 8,623,506 10,222,929 9,295,368 18,126,111
2,916,432 3,330,137 4,239,352 7,525,961 1,423,531
149,448,647 169,821,465 193,117,627 217,685,383 251,478,049
14,332,444 11,718,604 18,176,499 14,944,492 25,522,090
9,295,716 11,446,192 13,601,824 16,401,550 259,368
120,362,650 139,673,599 153,861,357 177,273,844 2,733,879
5,397,092 6,913,694 7,353,471 8,907,328 222,752,295
60,745 69,376 124,476 158,169 210,417
14,678,544 17,103,562 18,696,912 21,163,800 114,521
13,188,764 16,020,003 19,261,965 25,022,454 35,840,899
15,911,575 18,716,696 22,695,280 28,366,906 35,638,794
6,569,592 7,991,683 9,439,146 11,978,666 17,213,519
8,912,102 10,782,851 12,778,765 15,723,588 17,071,522
763,634 1,985,437 20,956,864 22,450,839 5,878,982
308,783 340,492 446,216 496,414 610,878
282,736 230,520 296,216 318,769 406,878
9,000 9,000 11,000 11,000 110,000
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
2,119,698 390,966 2,690,463 365,642 4,470,043
23.91% 20.39% 24.76% 22.47% 27.00%
0.19% 0.14% 0.15% 0.15% 0.16%
31.42 25.61 26.93 28.98 3.70
112.48% 107.91% 108.30% 77.60% 105.30%
270.09% 861.29% 7,074.86% 7,042.98% 1,444.90%
92.25% 91.38% 82.38% 74.61% 0.32%
0.10 0.07 0.09 0.07 0.10
80.54% 82.25% 79.67% 81.44% 1.09%
0.79% 0.67% 0.62% 0.65% 0.60%
131.42 125.61 108.75 128.98 13.70
749.71% 169.60% 908.28% 114.70% 1,098.62%
(Thousand Rupees) State Life Insurance Corporation Ltd.
192
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employs
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
6.Underwriting profit
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
2.Return on assets (ROA) (D8/C)
3.Earning per share (D8/E1) (rs. per share)
4.Claims incurred to net premium (B2/D4)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) (time)
24,852,978 62,559,155 72,363,220 76,318,893 76,596,477
5,362,929 7,340,689 14,076,979 14,927,614 16,442,375
5,050,550 15,136,423 43,832,526 37,721,953 37,342,615
14,439,499 40,082,043 14,453,715 23,669,326 22,811,487
375,996 387,069 197,098 699,353 1,059,333
28,674,909 43,973,756 50,927,358 54,511,689 66,268,974
0 0 0 0 0
24,064,562 37,373,947 40,338,587 35,693,459 46,331,746
4,610,347 6,599,809 10,588,771 18,818,230 19,937,228
53,903,883 106,919,980 123,487,676 131,529,935 143,924,784
4,776,809 7,737,427 16,541,933 13,879,345 13,733,562
125,275 403,402 128,350 135,901 135,020
27,962,506 65,609,802 66,300,133 72,750,728 75,125,281
18,885,480 30,036,327 36,766,352 40,046,826 50,868,915
2,153,813 3,133,022 3,750,908 4,717,135 4,062,006
13,222,262 37,914,904 (4,931,449) 14,808,299 3,905,909
28,597,142 35,709,360 41,920,550 44,713,425 42,143,508
16,855,549 20,703,166 25,877,146 25,894,880 23,596,487
17,651,936 23,708,797 23,153,577 21,904,913 29,171,195
10,550,750 14,460,473 15,574,270 13,605,280 14,078,268
2,171,515 956,969 3,937,830 4,073,584 1,500,660
13,990,647 37,698,228 (2,073,042) 6,976,341 3,949,567
13,492,952 37,328,076 (3,246,109) 5,433,994 2,540,149
597,025 1,413,611 2,051,558 2,220,119 2,162,972
948,046 543,422 (1,267,544) 171,778 (1,011,464)
54.29% 59.67% -4.49% 7.12% 3.32%
25.03% 34.91% -2.63% 4.13% 1.76%
22.60 26.41 -1.58 2.45 1.17
136.33% 157.64% 174.22% 162.95% 158.83%
16.09% 2.56% -121.31% 74.96% 59.08%
78.44% 183.14% -19.06% 57.19% 16.55%
0.09 0.07 0.13 0.11 0.10
51.87% 61.36% 53.69% 55.31% 52.20%
46.11% 58.51% 58.60% 58.02% 53.22%
41.63 44.25 35.27 34.38 35.41
7.03% 1.46% 39.05% 3.16% -39.82%
(Thousand Rupees) Non-Life Insurance Corporations - Overall
N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A
193
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employs
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
6.Underwriting profit
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
2.Return on assets (ROA) (D8/C)
3.Earning per share (D8/E1) (rs. per share)
4.Claims incurred to net premium (B2/D4)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) (time)
85,160 145,398 191,216 224,670 224,670
80,000 120,000 160,000 200,000 200,000
1,185 31,216 24,670 24,670
5,160 24,213 0 0 0
0 0 0
82,546 300,355 359,627 456,931 456,931
0 0 0
65,152 279,089 51,595 88,327 88,327
17,394 21,266 308,032 368,604 368,604
167,706 445,753 550,843 681,601 681,601
91,176 264,059 305,165 361,707 361,707
0 0 0
5,061 353 414 0 0
61,644 172,827 236,513 308,942 308,942
9,825 8,514 8,751 10,952 10,952
394 558 61 28 28
228,521 363,954 0 292,402 292,402
60,631 96,564 87,899 82,891 82,891
45,473 71,401 0 108,195 108,195
25,425 39,922 25,309 32,165 32,165
16,181 23,101 18,611 3,091 3,091
19,898 30,889 36,391 29,503 29,503
13,994 19,538 21,593 16,358 16,358
8,000 12,000 16,000 20,000 20,000
0.00% 0.00% 0.00%
0.00% 0.00% 0.00%
14,484 109,316 (1,118) (13,827) (13,827)
16.43% 13.44% 11.29% 7.28% 7.28%
8.34% 4.38% 3.92% 2.40% 2.40%
1.75 1.63 1.35 0.82 0.82
143.28% 390.88% 81.64% 81.64%
115.63% 118.24% 86.19% 18.90% 18.90%
0.65% 0.58% 0.07% 0.03% 0.03%
0.54 0.59 0.55 0.53 0.53
3.02% 0.08% 0.08% 0.00% 0.00%
50.78% 32.62% 34.71% 32.96% 32.96%
10.65 12.12 11.95 11.23 11.23
103.50% 559.50% -5.18% -84.53% -84.53%
-
- -
- -
- -
- -
- -
-
(Thousand Rupees) ACE Insurance Aid Pacific Ltd.
194
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employs
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
6.Underwriting profit
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
2.Return on assets (ROA) (D8/C)
3.Earning per share (D8/E1) (rs. per share)
4.Claims incurred to net premium (B2/D4)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) (time)
3,787,873 7,651,747 8,791,099 10,781,175 11,034,999
1,022,351 1,022,351 1,022,351 1,124,586 1,237,045
963,123 963,123 1,078,231 1,136,547 1,163,848
1,802,399 5,666,273 6,690,517 8,520,042 8,634,106
0 0 0 0 0
7,351,226 11,114,216 10,451,381 10,831,203 16,851,736
0 0 0 0 0
6,518,012 9,979,928 8,753,875 2,344,753 14,655,138
833,214 1,134,288 1,697,506 8,486,450 2,196,598
11,139,099 18,765,963 19,242,480 21,612,378 27,886,735
883,228 954,197 2,207,453 2,157,104 2,704,817
26,259 27,312 26,852 28,383 22,086
4,502,776 8,132,102 7,333,959 9,658,030 9,406,998
5,367,709 8,887,247 8,722,167 8,913,124 14,651,443
359,127 765,105 952,049 855,737 1,101,391
1,515,259 4,486,366 1,098,050 2,479,419 779,089
8,951,866 9,378,578 10,442,659 9,929,749 10,952,551
5,280,128 5,531,818 6,685,378 6,806,897 6,883,397
5,661,203 6,548,240 6,601,192 5,643,943 10,598,852
3,354,851 3,915,091 5,173,152 4,452,839 4,833,516
481,939 119,251 367,062 679,257 280,506
1,684,747 4,284,885 1,175,877 2,608,348 576,598
1,576,501 4,201,250 1,099,150 2,447,020 518,916
102,235 102,235 102,235 112,459 123,705
0.28% 0.30% 0.00% 30.00% 0.25%
0.13% 0.00% 0.00% 10.00% 0.00%
(283,267) (16,324) (354,139) 291,555 (48,276)
41.62% 54.91% 12.50% 22.70% 4.70%
14.15% 22.39% 5.71% 11.32% 1.86%
15.42 41.09 10.75 21.76 4.19
115.13% 152.41% 132.61% 41.54% 138.27%
30.57% 2.84% 33.40% 27.76% 54.06%
28.70% 81.10% 16.42% 36.43% 11.32%
0.08 0.05 0.11 0.10 0.10
40.42% 43.33% 38.11% 44.69% 33.73%
34.01% 40.77% 45.69% 49.88% 39.57%
37.05 74.84 85.99 95.87 89.20
-17.97% -0.39% -32.22% 11.91% -9.30%
(Thousand Rupees) Adamjee Insurance Company Ltd.
195
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employs
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
6.Underwriting profit
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
2.Return on assets (ROA) (D8/C)
3.Earning per share (D8/E1) (rs. per share)
4.Claims incurred to net premium (B2/D4)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) (time)
177,183 256,146 232,588 325,229 325,229
101,200 121,440 161,920 303,600 303,600
48,255 50,655 50,655 10,175 10,175
27,728 84,051 20,013 11,454 11,454
0 0 0 363,944 363,944
262,184 258,620 248,403 259,476 259,476
0 0 0 0 0
204,578 236,533 215,266 220,015 220,015
57,606 22,087 33,137 39,461 39,461
439,367 514,766 480,991 948,649 948,649
80,324 160,201 166,588 144,886 144,886
0 0 0 0 0
143,592 108,531 77,292 195,602 195,602
205,709 235,744 225,124 597,736 597,736
9,742 10,290 11,987 10,425 10,425
21,693 84,580 14,400 29,215 29,215
163,141 147,918 135,055 116,083 116,083
109,740 99,501 77,039 61,511 61,511
85,367 89,796 90,494 88,487 88,487
58,617 61,658 48,543 53,161 53,161
22,265 4,453 (9,723) (26,270) (26,270)
36,784 86,487 2,870 (7,737) (7,737)
27,666 84,023 (17,486) (821,076) (821,076)
10,120 12,144 16,192 30,360 30,360
0.00% 0.05% 0.00% 0.00% 0.00%
0.00% 0.33% 0.00% 0.00% 0.00%
21,615 (38,167) (44,856) (29,111) (29,111)
15.61% 32.80% -7.52% -252.46% -252.46%
6.30% 16.32% -3.64% -86.55% -86.55%
2.73 6.92 -1.08 -27.04 -27.04
239.65% 263.41% 237.88% 248.64% 248.64%
80.48% 5.30% 55.60% 3.20% 3.20%
19.77% 85.00% 18.69% 47.50% 47.50%
0.18 0.31 0.35 0.15 0.15
32.68% 21.08% 16.07% 20.62% 20.62%
40.33% 49.76% 48.36% 34.28% 34.28%
17.51 21.09 14.36 10.71 10.71
78.13% -45.42% 256.53% 3.55% 3.55%
(Thousand Rupees) Alflah Insurance Company Ltd
196
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employs
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
6.Underwriting profit
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
2.Return on assets (ROA) (D8/C)
3.Earning per share (D8/E1) (rs. per share)
4.Claims incurred to net premium (B2/D4)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) (time)
96,109 138,053 183,570 228,457 282,918
80,000 120,000 160,000 200,000 250,000
2,500 2,500 2,500 2,500 2,500
13,609 15,553 21,070 25,957 30,418
26,109 27,208 127,208 127,208 127,208
66,417 67,382 67,135 63,854 45,887
0 0 0 0 0
17,952 7,540 8,639 6,301 2,149
48,465 59,842 58,496 57,553 43,738
188,635 232,643 377,913 419,519 456,013
57,680 96,321 128,417 148,998 163,401
0 0 0 0 0
4,496 4,103 6,356 22,456 56,822
64,671 69,167 80,338 79,301 59,518
61,788 63,052 162,802 168,764 176,272
4,503 7,232 9,570 19,549 21,108
47,130 54,302 53,644 46,537 46,534
28,998 33,411 32,203 29,768 29,451
23,667 26,148 26,522 31,941 7,101
13,287 14,680 14,737 10,952 7,474
6,121 7,143 3,261 1,460 4,101
11,433 12,304 9,448 7,355 9,043
11,270 9,485 5,518 4,886 4,461
8,000 12,000 16,000 20,000 25,000
0.10% 0.10% 0.00% 0.00% 0.00%
0.00% 0.50% 0.33% 0.00% 0.00%
4,717 (4,311) (3,130) (14,860) 17,574
11.73% 6.87% 3.01% 2.14% 1.58%
5.97% 4.08% 1.46% 1.16% 0.98%
1.41 0.79 0.34 0.24 0.18
75.85% 28.84% 32.57% 19.73% 30.26%
54.31% 75.31% 59.10% 29.88% 91.93%
15.53% 21.65% 29.72% 65.67% 71.67%
0.31 0.41 0.34 0.36 0.36
2.38% 1.76% 1.68% 5.35% 12.46%
50.95% 59.34% 48.57% 54.46% 62.04%
12.01 11.50 11.47 11.42 11.32
41.85% -45.45% -56.72% -304.13% 393.95%
(Thousand Rupees) Asia Insurance Company Ltd.
197
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employs
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
6.Underwriting profit
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
2.Return on assets (ROA) (D8/C)
3.Earning per share (D8/E1) (rs. per share)
4.Claims incurred to net premium (B2/D4)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) (time)
232,911 284,639 295,957 268,412 315,833
120,577 156,750 203,775 203,775 203,776
50,000 65,000 74,658 74,658 74,659
62,334 62,889 17,524 (10,021) 37,398
4,658 4,658 0 0 0
645,227 828,297 921,294 927,340 1,138,101
0 0 0 0 0
569,714 724,184 813,079 839,746 1,022,808
75,513 104,113 108,215 87,594 115,293
882,796 1,117,594 1,217,251 1,195,752 1,453,934
126,399 169,783 85,108 114,277 91,251
1,895 2,817 2,956 4,197 2,159
380,116 423,227 512,843 413,607 510,063
303,230 417,796 489,357 533,027 802,813
71,156 103,971 126,987 130,644 47,648
28,333 51,759 12,536 (28,174) 51,096
717,450 829,100 1,002,654 1,089,649 1,344,036
507,240 583,322 650,429 805,176 639,901
386,087 487,099 513,880 630,052 616,816
300,057 378,581 423,393 (522,426) 385,890
108,056 79,802 72,996 78,757 109,137
84,512 69,996 17,386 (15,075) 53,347
57,090 51,728 6,659 (27,544) 47,418
12,057 15,675 20,377 20,377 20,378
0.00% 0.00% 0.00% 0.00% 0.00%
0.30% 0.30% 0.00% 0.00% 0.10%
64,514 88,696 25,684 4,856 (53,585)
24.51% 18.17% 2.25% -10.26% 15.01%
6.47% 4.63% 0.55% -2.30% 3.26%
4.74 3.30 0.33 -1.35 2.33
147.56% 148.67% 158.22% 133.28% 165.82%
189.27% 154.27% 1,096.20% -285.93% 230.16%
5.59% 8.87% 1.93% -3.50% 7.98%
0.14 0.15 0.07 0.10 0.06
43.06% 37.87% 42.13% 34.59% 35.08%
26.38% 25.47% 24.31% 22.45% 21.72%
19.32 18.16 14.52 13.17 15.50
113.00% 171.47% 385.70% -17.63% -113.01%
(Thousand Rupees) Askari General Insurance Company Ltd.
198
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employs
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
6.Underwriting profit
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
2.Return on assets (ROA) (D8/C)
3.Earning per share (D8/E1) (rs. per share)
4.Claims incurred to net premium (B2/D4)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) (time)
671,498 970,153 626,019 747,963 856,397
158,844 206,497 268,447 335,559 369,115
211,064 353,064 557,064 222,064 244,064
301,590 410,592 (199,492) 190,340 243,218
0 0 0 0 0
519,977 763,281 713,944 1,157,130 1,178,337
0 0 0 0 0
460,791 697,522 697,631 1,141,136 1,159,164
59,186 65,759 16,313 15,994 19,173
1,191,475 1,733,434 1,339,963 1,905,093 2,034,734
75,573 200,780 195,929 660,191 492,581
969 724 465 201 177
674,805 1,010,747 494,201 558,250 772,048
420,480 479,504 600,072 639,030 726,012
19,648 41,679 49,296 47,421 43,916
190,198 314,703 (305,174) 118,230 102,634
553,277 709,197 861,402 782,700 1,004,381
348,725 447,000 507,946 443,534 530,269
237,308 383,256 428,206 265,444 304,586
133,190 215,104 231,434 192,355 (176,504)
154,995 144,593 158,386 104,467 199,924
358,706 467,406 (140,994) (140,994) 327,130
300,719 409,846 (199,585) (199,585) 242,658
15,880 20,650 26,844 118,230 36,912
0.70% 0.70% 0.25% 0.00% 0.40%
0.30% 0.30% 0.25% 0.00% 0.25%
41,122 175,398 2,067 357,794 30,056
44.78% 42.25% -31.88% -26.68% 28.33%
25.24% 23.64% -14.89% -10.48% 11.93%
18.94 19.85 -7.43 -1.69 6.57
194.17% 182.00% 162.92% 429.90% 380.57%
51.54% 35.28% -79.36% -52.34% 82.39%
54.54% 70.40% -60.08% 26.66% 19.36%
0.06 0.12 0.15 0.35 0.24
56.64% 58.31% 36.88% 29.30% 37.94%
56.36% 55.97% 46.72% 39.26% 42.09%
42.29 46.98 23.32 6.33 23.20
13.67% 42.80% -1.04% -179.27% 12.39%
(Thousand Rupees) Atlas Insurance Company Ltd.
199
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employs
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
6.Underwriting profit
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
2.Return on assets (ROA) (D8/C)
3.Earning per share (D8/E1) (rs. per share)
4.Claims incurred to net premium (B2/D4)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) (time)
93,529 126,737 163,049 209,329 209,329
88,042 120,362 160,125 200,157 200,157
5,487 6,375 12,936 12,936 12,936
(10,012) (3,764) (3,764)
530 548 9,207 8,747 8,747
35,996 27,163 68,398 122,898 122,898
0 0 0
15,750 15,814 17,841 48,904 48,904
20,246 11,349 50,557 73,994 73,994
130,055 154,448 240,654 340,974 340,974
26,099 55,737 67,572 71,516 71,516
0 0 0
51,651 35,570 87,845 91,019 91,019
14,802 24,653 62,696 156,426 156,426
37,503 38,488 22,541 22,013 22,013
887 10,392 3,645 12,870 12,870
16,959 16,196 0 55,593 55,593
10,735 10,252 7,106 10,682 10,682
17,664 11,893 0 9,480 9,480
3,494 1,756 (6,829) (1,590) (1,590)
2,895 2,925 (9,055) 389 389
4,719 15,235 (11,280) 6,956 6,956
3,841 (8,562) (11,475) 5,787 5,787
8,804 12,036 16,013 20,016 20,016
0.90% 0.00% 0.00% 0.00%
0.65% 0.00% 0.00% 0.00%
(2,641) (5,642) (10,686) (53,545) (53,545)
4.11% -6.76% -7.04% 2.76% 2.76%
2.95% -5.54% -4.77% 1.70% 1.70%
0.44 -0.71 -0.72 0.29 0.29
89.16% 132.97% 515.86% 515.86%
75.37% -34.16% 78.91% 6.72% 6.72%
8.26% 101.37% 51.29% 120.48% 120.48%
0.20 0.36 0.28 0.21 0.21
39.71% 23.03% 36.50% 26.69% 26.69%
71.91% 82.06% 67.75% 61.39% 61.39%
10.62 10.53 10.18 10.46 10.46
-68.76% 65.90% 93.12% -925.26% -925.26%
- -
- -
- -
-
-
-
(Thousand Rupees) Capital Insurance Company Ltd.
200
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employs
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
6.Underwriting profit
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
2.Return on assets (ROA) (D8/C)
3.Earning per share (D8/E1) (rs. per share)
4.Claims incurred to net premium (B2/D4)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) (time)
1,458,306 4,115,396 4,187,070 3,293,190 3,738,730
139,834 139,834 184,581 203,039 279,179
133,088 133,088 133,088 133,088 133,088
1,185,384 3,842,474 3,869,401 2,957,063 3,326,463
0 0 0 0 0
126,744 188,336 156,610 155,731 179,647
0 0 0 0 0
92,755 146,257 137,895 141,349 110,234
33,989 42,079 18,715 14,382 69,413
1,585,050 4,303,732 4,343,680 3,448,921 3,918,377
307,548 97,520 64,773 65,136 10,296
0 0 0 0 6,930
1,146,086 4,017,496 4,124,141 3,249,876 3,774,216
126,867 185,076 151,606 131,369 124,991
4,549 3,640 3,160 2,540 1,944
767,673 2,752,567 128,412 128,412 177,501
185,666 145,629 110,070 123,891 117,092
42,073 20,851 14,758 13,397 10,509
69,707 23,055 24,235 50,816 1,095
26,344 8,713 6,562 7,695 4,701
12,453 12,612 14,993 10,774 3,996
730,310 2,764,738 133,687 (844,897) 497,180
750,090 2,747,982 116,421 (855,118) 491,224
13,983 13,983 18,458 20,304 27,918
0.50% 0.50% 0.20% 0.20% 0.25%
0.00% 0.20% 0.20% 0.20% 0.50%
(24,339) (29,932) 5,914 9,519 (34,033)
51.44% 66.77% 2.78% -25.97% 13.14%
47.32% 63.85% 2.68% -24.79% 12.54%
53.64 196.52 6.31 -42.12 17.60
133.06% 634.38% 568.99% 278.16% 10,067.03%
1.66% 0.46% 12.88% -1.26% 0.81%
1,824.62% 13,201.13% 870.12% 958.51% 1,689.04%
0.19 0.02 0.01 0.02 0.00
72.31% 93.35% 94.95% 94.23% 96.32%
92.00% 95.62% 96.39% 95.48% 95.42%
104.29 294.31 226.84 162.19 133.92
-3.24% -1.09% 5.08% -1.11% -6.93%
(Thousand Rupees) Central Insurance Company Ltd.
201
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employs
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
6.Underwriting profit
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
2.Return on assets (ROA) (D8/C)
3.Earning per share (D8/E1) (rs. per share)
4.Claims incurred to net premium (B2/D4)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) (time)
374,831 522,534 921,959 852,000 961,633
203,219 254,024 457,244 457,244 457,244
72,244 94,033 373,024 373,024 373,024
99,368 174,477 91,691 21,732 131,365
0 0 0 0 0
320,595 1,169,031 371,585 299,836 368,834
0 0 0 0 0
295,526 1,058,385 330,418 259,048 312,834
25,069 110,646 41,167 40,788 56,000
695,426 1,691,565 1,293,544 1,151,836 1,330,467
79,417 248,821 316,416 75,313 87,060
0 0 0 0 0
358,758 464,231 464,449 735,978 840,031
231,368 947,458 470,132 297,334 358,785
25,883 31,055 42,547 43,211 44,591
62,871 169,378 (38,041) (73,034) 105,875
340,053 356,401 406,147 427,410 467,394
208,594 218,622 241,371 206,646 219,070
123,230 164,129 338,942 96,319 201,235
109,741 146,163 79,296 64,707 106,646
66,657 37,933 122,260 95,030 63,644
105,099 168,158 53,753 (39,947) 121,062
95,801 167,992 18,422 (69,958) 109,631
20,321 25,402 45,724 45,724 45,724
0.10% 0.00% 0.00% 0.00% 0.10%
0.25% 0.30% 0.00% 0.00% 0.00%
71,558 30,378 (167,937) 117,191 8,867
25.56% 32.15% 2.00% -8.21% 11.40%
13.78% 9.93% 1.42% -6.07% 8.24%
4.71 6.61 0.40 -1.53 2.40
239.82% 644.85% 97.49% 268.95% 155.46%
69.58% 22.58% 663.66% -135.84% 58.05%
30.14% 77.48% -15.76% -35.34% 48.33%
0.11 0.15 0.24 0.07 0.07
51.59% 27.44% 35.91% 63.90% 63.14%
53.90% 30.89% 71.27% 73.97% 72.28%
18.45 20.57 20.16 18.63 21.03
74.69% 18.08% -911.61% -167.52% 8.09%
(Thousand Rupees) Century Insurance Company Ltd.
202
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employs
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
6.Underwriting profit
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
2.Return on assets (ROA) (D8/C)
3.Earning per share (D8/E1) (rs. per share)
4.Claims incurred to net premium (B2/D4)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) (time)
1,777,958 16,164,267 10,093,041 10,451,590 9,591,171
500,000 1,000,000 1,150,000 1,150,000 1,250,000
500,000 600,000 14,400,000 8,500,000 8,341,171
777,958 14,564,267 (5,456,959) 801,590 0
12,902 12,902 12,902 12,902 0
8,837,136 11,212,806 11,123,749 11,474,458 14,950,498
0 0 0 0 0
8,234,001 10,491,258 10,277,630 9,710,098 13,849,184
603,135 721,548 846,119 1,764,360 1,101,314
10,627,996 27,389,975 21,229,692 21,938,950 24,541,669
1,135,916 1,162,876 1,303,684 1,349,606 1,706,571
4,972 3,770 2,880 2,775 3,293
3,963,984 18,867,856 12,091,082 12,885,838 11,899,434
5,178,566 6,930,434 7,223,793 7,155,256 10,223,286
344,558 425,039 608,253 545,475 709,085
696,466 14,812,295 (5,299,619) 673,524 (357,955)
7,945,729 8,961,395 9,598,000 9,694,833 9,699,192
5,417,952 6,110,504 6,136,944 5,570,211 5,846,591
6,020,120 7,419,674 7,418,000 5,267,381 8,176,868
4,131,705 5,092,241 4,369,507 3,911,444 3,941,583
364,937 (176,932) 371,433 66,535 111,875
857,573 14,457,295 (5,442,922) 801,443 (359,763)
761,978 14,536,309 (5,471,226) 732,299 (413,321)
50,000 100,000 115,000 115,000 125,000
0.30% 0.60% 32.50% 40.00% 0.13%
1.00% 0.15% 0.00% 8.70% 0.00%
609,277 252,082 (507,154) 204,961 140,124
42.86% 89.93% -54.21% 7.01% -4.31%
7.17% 53.07% -25.77% 3.34% -1.68%
15.24 145.36 -47.58 6.37 -3.31
136.77% 141.40% 138.55% 184.34% 169.37%
47.89% -1.22% -6.79% 9.09% -27.07%
12.85% 242.41% -86.36% 12.09% -6.12%
0.11 0.04 0.06 0.06 0.07
37.30% 68.89% 56.95% 58.73% 48.49%
16.73% 59.02% 47.54% 47.64% 39.08%
35.56 161.64 87.77 90.88 76.73
79.96% 1.73% 9.27% 27.99% -33.90%
(Thousand Rupees) E.F.U.General Insurance Company Ltd.
203
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employs
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
6.Underwriting profit
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
2.Return on assets (ROA) (D8/C)
3.Earning per share (D8/E1) (rs. per share)
4.Claims incurred to net premium (B2/D4)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) (time)
322,851 634,084 866,835 329,712 338,155
150,305 172,851 228,526 228,526 251,379
100,200 100,200 110,200 100,200 77,200
72,346 361,033 528,109 986 9,576
10,000 10,000 0 0 0
278,250 319,599 406,489 330,770 295,487
0 0 0 0 0
216,313 273,563 76,513 41,679 290,341
61,937 46,036 329,976 289,091 5,146
611,101 963,683 1,273,324 660,482 633,642
69,885 79,596 76,231 55,220 40,123
0 0 0 0 0
316,224 565,276 813,959 232,810 191,758
173,424 254,071 280,529 257,468 276,918
51,568 64,740 102,605 114,984 124,843
64,599 330,006 255,149 (561,658) 32,019
372,706 502,243 0 674,106 584,241
237,097 319,502 405,705 436,968 331,968
166,528 250,080 0 314,945 306,991
83,561 125,486 168,452 178,296 (151,321)
48,935 53,470 80,338 89,271 45,451
72,226 335,969 277,016 (527,995) 15,548
60,447 326,263 265,827 537,123 8,443
15,030 17,285 22,853 22,853 25,138
0.20% 0.10% 0.00% 0.00% 0.00%
0.15% 0.17% 0.00% 0.00% 0.10%
0 0 47,017 10,293 1,846
18.72% 51.45% 30.67% 162.91% 2.50%
9.89% 33.86% 20.88% 81.32% 1.33%
4.02 18.88 11.63 23.50 0.34
129.90% 109.39% 13.23% 94.58%
80.96% 16.39% 30.22% 16.62% 538.33%
27.25% 103.29% 62.89% -128.54% 9.65%
0.11 0.08 0.06 0.08 0.06
51.75% 58.66% 63.92% 35.25% 30.26%
52.83% 65.80% 68.08% 49.92% 53.37%
21.48 36.68 37.93 14.43 13.45
0.00% 0.00% 17.69% 1.92% 21.86%
-
(Thousand Rupees) East West Insurance Company Ltd.
204
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employs
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
6.Underwriting profit
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
2.Return on assets (ROA) (D8/C)
3.Earning per share (D8/E1) (rs. per share)
4.Claims incurred to net premium (B2/D4)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) (time)
114,687 134,187 181,754 203,725 282,954
90,000 120,000 160,000 200,000 250,000
110 110 110 110 32,844
24,577 14,077 21,644 3,615 110
0 0 0 0 0
44,069 40,435 41,139 33,172 24,544
0 0 0 0 0
25,016 21,747 20,825 26,495 17,207
19,053 18,688 20,314 6,677 7,337
158,756 174,622 222,893 236,897 307,498
16,035 24,003 13,365 101,131 57,683
0 0 0 0 0
76,759 85,694 155,044 59,941 185,621
58,771 54,836 44,208 67,069 57,457
7,191 10,089 10,276 8,756 6,737
25,223 28,682 17,299 2,741 37,011
30,338 32,961 42,018 42,018 31,108
14,968 16,262 18,289 18,051 16,090
35,042 48,113 19,199 19,199 5,905
3,590 4,929 7,236 4,551 4,272
514 (752) 1,164 2,607 1,033
16,180 19,802 9,444 (931) 31,689
15,912 14,077 21,644 (2,029) 29,229
9,000 12,000 16,000 20,000 25,000
0.00% 0.00% 0.00% 0.00% 0.00%
0.01% 0.03% 0.00% 0.00% 0.00%
(8,269) (28,972) 1,829 (19,075) (9,252)
13.87% 10.49% 11.91% -1.00% 10.33%
10.02% 8.06% 9.71% -0.86% 9.51%
1.77 1.17 1.35 -0.10 1.17
71.39% 45.20% 108.47% 138.00% 291.40%
3.23% -5.34% 5.38% -128.49% 3.53%
168.51% 176.37% 94.59% 15.18% 230.02%
0.10 0.14 0.06 0.43 0.19
48.35% 49.07% 69.56% 25.30% 60.36%
72.24% 76.84% 81.54% 86.00% 92.02%
12.74 11.18 11.36 10.19 11.32
-51.97% -205.81% 8.45% 940.12% -31.65%
(Thousand Rupees) Excel Insurance Company Ltd.
205
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employs
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
6.Underwriting profit
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
2.Return on assets (ROA) (D8/C)
3.Earning per share (D8/E1) (rs. per share)
4.Claims incurred to net premium (B2/D4)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) (time)
960,102 1,237,675 663,290 823,544 851,885
219,700 296,595 355,914 400,403 400,403
129,122 504,122 654,122 204,122 197,360
611,280 436,958 (346,746) 219,019 254,122
0 0 0 0 0
563,443 863,429 794,176 792,791 815,100
0 0 0 0 0
401,755 711,642 592,613 540,481 570,936
161,688 151,787 201,563 252,310 244,164
1,523,545 2,101,104 1,457,466 1,616,335 1,666,985
126,435 129,940 57,435 26,520 57,999
905 981 1,899 1,899 3,143
691,063 1,313,616 719,561 932,041 925,540
671,607 613,159 634,086 611,390 641,355
33,535 43,408 44,485 44,485 38,948
604,110 443,375 (390,531) (390,531) 149,355
547,048 685,606 734,275 734,275 754,013
268,075 335,974 397,960 397,960 394,643
239,612 425,065 380,313 380,313 317,065
122,423 217,176 202,219 202,219 183,787
52,954 6,628 67,687 67,687 87,471
605,833 407,517 (379,447) (379,447) 192,188
600,945 420,378 (396,428) (396,428) 168,482
43,940 59,319 71,182 71,182 80,081
0.65% 0.60% 0.13% 0.13% 0.25%
0.35% 0.20% 0.13% 0.13% 0.13%
38,722 24,770 (88,311) (88,311) 4,160
62.59% 33.97% -59.77% -48.14% 19.78%
39.44% 20.01% -27.20% -24.53% 10.11%
13.68 7.09 -5.57 -5.57 2.10
167.67% 167.42% 155.82% 142.11% 180.07%
8.81% 1.58% -17.07% -17.07% 51.92%
225.35% 131.97% -98.13% -98.13% 37.85%
0.08 0.06 0.04 0.02 0.03
45.36% 62.52% 49.37% 57.66% 55.52%
63.02% 58.91% 45.51% 50.95% 51.10%
21.85 20.86 9.32 11.57 10.64
6.44% 5.89% 22.28% 22.28% 2.47%
(Thousand Rupees) Habib Insurance Company Ltd.
206
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employs
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
6.Underwriting profit
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
2.Return on assets (ROA) (D8/C)
3.Earning per share (D8/E1) (rs. per share)
4.Claims incurred to net premium (B2/D4)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) (time)
879 600 115
5,000 5,000 5,000
0 0 0
(4,121) (4,400) (4,885)
0 0 0
3,301 3,336 3,412
0 0 0
1,448 1,448 1,448
1,853 1,888 1,964
4,180 3,936 3,527
964 720 492
0 0 0
0 0 0
1,828 1,828 1,910
1,388 1,388 1,125
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
(272) (279) 0
(272) (279) 0
500 500 500
0.00% 0.00% 0.00%
0.00% 0.00% 0.00%
(232) (244) (228)
-30.94% -46.50% 0.00%
-6.51% -7.09% 0.00%
-0.54 -0.56 0.00
0.00% 0.00%
0.23 0.18 0.14
0.00% 0.00% 0.00%
21.03% 15.24% 3.26%
1.76 1.20 0.23
85.29% 87.46%
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- - - - -
- - -
- - - - -
- -
- -
- -
- -
- - -
(Thousand Rupees) Hallmark Insurance Co., Ltd.
207
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employs
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
6.Underwriting profit
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
2.Return on assets (ROA) (D8/C)
3.Earning per share (D8/E1) (rs. per share)
4.Claims incurred to net premium (B2/D4)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) (time)
8,509,721 11,280,350 10,846,519 10,960,813 11,575,854
199,563 319,301 598,689 598,689 718,427
823,740 8,103,740 10,624,177 10,534,374 10,264,964
7,486,418 2,857,309 (376,347) (172,250) 592,463
0 0 0 0 0
1,889,329 2,823,754 2,354,120 1,405,253 1,384,597
0 0 0 0 0
762,658 1,118,664 878,223 124,523 76,565
1,126,671 1,705,090 1,475,897 1,280,730 1,308,032
10,399,050 14,104,104 13,200,639 12,366,066 12,960,451
139,557 205,911 258,260 6,809 421
0 0 0 0 0
9,246,736 12,404,727 11,709,948 11,235,758 12,002,730
720,673 1,184,183 929,900 842,954 783,406
292,084 309,283 302,531 280,545 173,894
7,315,629 3,021,533 (157,476) (414,649) 929,344
756,495 1,039,605 1,035,000 1,155,775 1,247,470
426,471 586,073 542,515 614,586 720,733
366,986 682,635 423,000 437,930 473,625
186,981 347,805 240,931 257,052 364,411
226,929 160,803 193,166 253,103 205,095
7,357,109 2,984,217 (404,103) 364,766 920,771
7,342,370 2,930,279 (377,042) 263,966 836,556
19,956 31,930 59,869 59,869 71,843
0.40% 0.40% 0.15% 35.00% 0.30%
0.60% 0.25% 0.50% 0.00% 0.55%
227,769 2,306 (27,651) 126,941 278,667
86.28% 25.98% -3.48% 2.41% 7.23%
70.61% 20.78% -2.86% 2.13% 6.45%
367.93 91.77 -6.30 4.41 11.64
207.82% 163.87% 207.62% 28.43% 16.17%
3.09% 5.49% -51.23% 95.88% 24.52%
1,715.39% 515.56% -29.03% -67.47% 128.94%
0.01 0.01 0.02 0.00 0.00
88.92% 87.95% 88.71% 90.86% 92.61%
81.83% 79.98% 82.17% 88.64% 89.32%
426.42 353.28 181.17 183.08 161.13
3.10% 0.08% 7.33% 48.09% 33.31%
(Thousand Rupees) International General Insurance Co. of Pakistan Ltd.
208
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employs
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
6.Underwriting profit
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
2.Return on assets (ROA) (D8/C)
3.Earning per share (D8/E1) (rs. per share)
4.Claims incurred to net premium (B2/D4)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) (time)
14,104,699 16,137,364 15,728,795
2,000,000 2,000,000 2,000,000
10,400,000 11,500,000 11,500,000
1,704,699 2,637,364 2,228,795
0 0 0
8,147,936 11,135,642 11,079,800
0 0 0
5,944,797 8,186,245 8,186,245
2,203,139 2,949,397 2,893,555
22,252,635 27,273,006 26,808,595
4,807,038 3,514,665 3,486,575
25,298 26,767 26,767
11,626,851 15,416,074 15,427,447
5,711,066 7,312,172 7,527,628
82,382 1,003,328 340,178
(389,169) 2,030,436 2,011
5,492,000 5,655,348 5,655
2,903,518 3,004,999 3,005
1,243,924 3,058,338 3,058
1,028,247 986,654 987
1,583,379 1,630,096 1,630
1,513,614 3,579,468 3,586
1,050,277 2,524,567 2,533
200,000 200,000 200,000
0.00% 0.00% 0.00%
0.00% 0.00% 0.00%
528,334 1,023,667 (1,316)
7.45% 15.64% 0.02%
4.72% 9.26% 0.01%
5.25 12.62 0.01
477.91% 267.67% 267,699.31%
150.76% 64.57% 64.35%
-13.40% 67.57% 66.92%
0.22 0.13 0.13
52.25% 56.53% 57.55%
63.38% 59.17% 58.67%
70.52 80.69 78.64
50.30% 40.55% -51.95%
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
(Thousand Rupees) National Insurance Corporation
209
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employs
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
6.Underwriting profit
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
2.Return on assets (ROA) (D8/C)
3.Earning per share (D8/E1) (rs. per share)
4.Claims incurred to net premium (B2/D4)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) (time)
1,073,053 1,241,289 1,241,289
1,073,053 1,241,289 1,241,289
0 0 0
0 0 0
0 0 0
814,820 956,695 956,695
0 0 0
141,802 216,705 216,705
673,018 739,990 739,990
1,887,873 2,197,984 2,197,984
546,920 319,850 319,850
0 0 0
435,617 863,092 863,092
817,610 936,126 936,126
87,726 78,916 78,916
92,189 131,761 131,761
0 849,199 849,199
479,927 382,172 382,172
0 406,573 406,573
205,594 169,222 169,222
152,668 98,923 98,923
82,599 32,203 32,203
52,498 17,142 17,142
107,305 124,129 124,129
0.00% 0.00% 0.00%
0.00% 0.00% 0.00%
(224,313) 104,776 104,776
4.89% 1.38% 1.38%
2.78% 0.78% 0.78%
0.49 0.14 0.14
53.30% 53.30%
290.81% 577.08% 577.08%
19.21% 34.48% 34.48%
0.29 0.15 0.15
23.07% 39.27% 39.27%
56.84% 56.47% 56.47%
10.00 10.00 10.00
-427.28% 611.22% 611.22%
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- - -
- -
- -
- -
- -
- -
- -
- -
(Thousand Rupees) New Hampshire Insurance Company Ltd.
210
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employs
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
6.Underwriting profit
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
2.Return on assets (ROA) (D8/C)
3.Earning per share (D8/E1) (rs. per share)
4.Claims incurred to net premium (B2/D4)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) (time)
2,079,573 2,411,663 2,061,314 2,621,006 2,873,413
439,432 549,290 659,148 659,148 790,977
702,139 1,203,939 1,553,232 1,255,332 1,575,332
938,002 658,434 (151,066) 706,526 507,104
0 0 0 0
2,366,938 3,521,043 3,363,858 3,798,883 4,798,183
0 0 0 0
1,967,856 2,961,315 2,749,505 3,040,509 437,230
399,082 559,728 614,353 758,374 4,360,953
4,446,511 5,932,706 5,425,172 6,419,889 7,671,596
1,686,561 1,680,625 1,670,155 2,028,132 974,783
314 433 364 294 791
1,334,789 2,032,089 1,554,039 1,902,811 3,822,205
1,299,500 2,040,607 2,102,654 2,382,103 2,776,305
125,347 178,952 97,960 106,549 97,512
690,178 599,208 181,707 452,253 407,598
2,803,541 3,430,376 3,526,000 3,916,086 4,223,635
1,486,429 1,818,775 2,186,443 2,297,720 2,451,227
1,196,369 1,905,556 1,829,800 1,951,318 2,291,778
887,587 1,413,733 1,332,461 1,420,977 1,677,614
99,676 (207,033) 108,115 114,121 (64,085)
933,955 575,041 (179,153) 771,898 546,682
839,888 588,456 (267,249) 656,464 450,151
43,943 54,929 65,915 65,915 0
0.40% 0.30% 0.00% 30.00% 0.20%
0.25% 0.20% 0.00% 20.00% 0.25%
426,896 58,306 (102,885) 216,551 474,037
40.39% 24.40% -12.96% 25.05% 15.67%
18.89% 9.92% -4.93% 10.23% 5.87%
19.11 10.71 -4.05 9.96
164.49% 155.40% 150.26% 155.82% 19.08%
11.87% -35.18% -40.45% 17.38% -14.24%
46.43% 32.95% 8.31% 19.68% 16.63%
0.38 0.28 0.31 0.32 0.13
30.02% 34.25% 28.64% 29.64% 49.82%
46.77% 40.65% 38.00% 40.83% 37.46%
47.32 43.91 31.27 39.76
50.83% 9.91% 38.50% 32.99% 105.31%
-
-
-
-
(Thousand Rupees) New Jubilee Insurance Comapny Ltd.
211
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employs
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
6.Underwriting profit
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
2.Return on assets (ROA) (D8/C)
3.Earning per share (D8/E1) (rs. per share)
4.Claims incurred to net premium (B2/D4)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) (time)
2,449,374 6,098,518 7,265,744 6,785,655 6,130,908
450,000 540,000 3,000,000 3,000,000 3,000,000
1,277,419 1,777,419 2,058,419 2,058,419 1,777,419
721,955 3,781,099 2,207,325 1,727,236 1,353,489
281,000 281,000 0 0 281,000
3,733,915 5,117,531 5,262,715 5,586,960 6,122,986
0 0 0 0 0
3,414,778 4,788,990 4,908,677 5,284,063 437,230
319,137 328,541 354,038 302,897 5,685,756
6,464,289 11,497,049 12,528,459 12,372,615 12,534,894
209,984 1,021,124 2,836,632 1,833,648 2,416,631
32,045 48,441 53,006 53,667 55,092
3,642,410 6,463,114 5,506,687 5,526,830 4,716,518
2,551,236 3,933,666 4,091,466 4,909,805 5,299,237
28,614 30,704 40,668 48,665 47,416
771,733 3,689,377 846,394 1,099,396 653,470
3,951,007 4,730,554 4,516,903 5,211,129 6,445,810
1,415,505 1,693,082 1,895,574 2,170,949 2,940,508
1,864,964 2,236,125 1,654,119 1,021,680 2,821,099
776,710 931,289 961,692 904,799 1,688,408
125,041 205,998 206,136 481,499 291,143
783,044 3,858,647 1,138,999 318,280 650,504
671,844 3,725,253 886,225 269,911 526,253
45,000 54,000 300,000 300,000 300,000
0.20% 0.20% 0.00% 0.00% 0.30%
0.20% 4.56% 0.00% 0.00% 0.00%
32,405 (36,181) (19,026) (122,713) 114,425
27.43% 61.08% 12.20% 3.98% 8.58%
10.39% 32.40% 7.07% 2.18% 4.20%
14.93 68.99 2.95 0.90 1.75
183.10% 214.16% 296.75% 517.19% 15.50%
18.61% 5.53% 23.26% 178.39% 55.32%
54.52% 217.91% 44.65% 50.64% 22.22%
0.03 0.09 0.23 0.15 0.19
56.35% 56.22% 43.95% 44.67% 37.63%
37.89% 53.04% 57.99% 54.84% 48.91%
54.43 112.94 24.22 22.62 20.44
4.82% -0.97% -2.15% -45.46% 21.74%
(Thousand Rupees) Pakistan Reinsurance Company Ltd.
212
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employs
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
6.Underwriting profit
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
2.Return on assets (ROA) (D8/C)
3.Earning per share (D8/E1) (rs. per share)
4.Claims incurred to net premium (B2/D4)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) (time)
226,101 112,208 208,956 225,810 230,837
200,000 200,000 350,000 350,000 350,000
0 0 0 0 0
26,101 (87,792) (141,044) (124,190) (119,163)
0 0 0 0 0
380,258 531,633 495,280 505,279 689,085
0 0 0 0 0
323,086 474,371 440,432 122,024 683,269
57,172 57,262 54,848 383,255 5,816
606,359 643,841 704,236 731,089 919,922
228,304 60,747 187,410 161,010 217,889
0 0 0 0 0
0 132,298 37,107 45,118 50,654
355,983 429,185 466,003 521,878 643,136
22,072 21,611 13,716 3,083 8,243
10,076 19,235 (3,296) 10,942 6,221
370,141 473,858 468,116 480,130 504,873
236,993 303,401 227,853 199,656 166,770
191,473 381,628 286,575 196,405 195,243
134,592 268,258 154,262 106,295 (91,135)
29,103 (97,520) (18,738) 10,942 4,890
36,917 (94,195) (50,417) 16,854 5,090
28,143 (93,893) (53,252) 16,854 5,027
20,000 20,000 35,000 35,000 35,000
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
13,433 (37,401) (118,820) (56,889) 44,113
12.45% -83.68% -25.48% 7.46% 2.18%
4.64% -14.58% -7.56% 2.31% 0.55%
1.41 -4.69 -1.52 0.48 0.14
168.74% 124.30% 153.69% 62.13% 349.96%
103.41% 103.86% 35.19% 64.92% 97.27%
4.25% 6.34% -1.45% 5.48% 3.73%
0.38 0.09 0.27 0.22 0.24
0.00% 20.55% 5.27% 6.17% 5.51%
37.29% 17.43% 29.67% 30.89% 25.09%
11.31 5.61 5.97 6.45 6.60
47.73% 39.83% 223.13% -337.54% 877.52%
(Thousand Rupees) PICIC Insurance Ltd.
213
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employs
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
6.Underwriting profit
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
2.Return on assets (ROA) (D8/C)
3.Earning per share (D8/E1) (rs. per share)
4.Claims incurred to net premium (B2/D4)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) (time)
275,041 362,066 356,272
200,000 200,000 250,000
65,000 55,000 105,000
10,041 107,066 1,272
9,175 6,810 6,441
224,782 175,891 231,474
0 0 0
134,535 123,540 437,230
90,247 52,351 (205,756)
508,998 544,767 594,187
47,979 138,214 90,857
99 106 181
174,496 170,044 252,579
191,489 141,172 161,809
94,935 95,231 88,761
(1,346,842) 8,361,941 9,263
0 219,395 261,643
91,863 109,891 110,546
0 122,925 181,579
20,574 29,170 68,862
51,080 54,970 21,239
25,405 105,448 (1,658)
22,269 84,659 4,826
20,000 20,000 25,000
0.00% 0.00% 0.00%
0.00% 0.00% 0.10%
25,129 15,677 33,763
8.10% 23.38% 1.35%
4.38% 15.54% 0.81%
1.11 4.23 0.19
100.50% 240.79%
229.38% 64.93% 440.10%
-1,466.14% 7,609.30% 8.38%
0.09 0.25 0.15
34.28% 31.21% 42.51%
54.04% 66.46% 59.96%
13.75 18.10 14.25
112.84% 18.52% 699.61%
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- - -
- -
- -
- -
- -
- -
- -
- -
(Thousand Rupees) Pakistan General Insurance Company Ltd.
214
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employs
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
6.Underwriting profit
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
2.Return on assets (ROA) (D8/C)
3.Earning per share (D8/E1) (rs. per share)
4.Claims incurred to net premium (B2/D4)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) (time)
10,923 7,956 2,679 2,446 2,446
0 0 0 0 0
6,193 5,027 29 29 29
4,730 2,929 2,650 2,417 2,417
2,077 1,944 0 0 0
334 909 6,577 5,037 5,037
0 0 0 0 0
236 292 6,051 4,724 4,724
98 617 526 313 313
13,334 10,809 9,256 7,483 7,483
1,567 2,009 3,053 1,778 1,778
0 0 0 0 0
5,003 3,003 16 0 0
4,450 2,719 2,879 2,889 2,889
2,314 3,078 3,308 2,816 2,816
103 60 94 77 77
5,373 4,824 0 5,223 5,223
5,066 4,548 4,855 5,009 5,009
116 456 0 0 0
101 396 (446) (236) (236)
675 3,816 (2,409) (2,179) (2,179)
(297) (3,076) (1,514) (1,545) (1,545)
(353) (3,099) (1,547) (1,560) (1,560)
0 0 0 0 0
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
95 (1,299) 0 (1,389,168) (1,389,168)
-3.23% -38.95% -57.75% -63.78% -63.78%
-2.65% -28.67% -16.71% -20.85% -20.85%
203.45% 64.04%
-191.22% -123.14% 155.72% 139.68% 139.68%
2.03% 1.32% 1.94% 1.54% 1.54%
0.12 0.19 0.33 0.24 0.24
37.52% 27.78% 0.17% 0.00% 0.00%
81.92% 73.61% 28.94% 32.69% 32.69%
-26.91% 41.92% 0.00% 89,049.23% 89,049.23%
- - - - -
- - -
- - - - -
(Thousand Rupees) Pakitan Mutual Insurance Company Ltd.
215
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employs
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
6.Underwriting profit
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
2.Return on assets (ROA) (D8/C)
3.Earning per share (D8/E1) (rs. per share)
4.Claims incurred to net premium (B2/D4)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) (time)
1,400,515 1,846,206 1,768,874 1,774,340 1,842,658
166,240 199,488 239,385 263,323 302,821
485,025 1,020,025 1,420,025 1,270,025 1,270,025
749,250 626,693 109,464 240,992 269,812
0 0 0 0 0
993,428 1,096,991 932,492 1,014,379 1,258,622
0 0 0 0 0
719,086 814,940 647,483 649,875 843,830
274,342 282,051 285,009 364,504 414,792
2,393,943 2,943,197 2,701,366 2,788,719 3,101,280
262,480 234,929 885,314 220,578 153,847
48 3,826 3,118 2,412 1,706
1,080,517 1,560,824 632,744 1,302,087 1,399,216
838,388 921,059 984,296 1,067,030 1,293,978
212,510 222,559 195,894 196,612 252,533
798,115 542,582 185,627 222,181 162,356
630,395 551,699 577,114 620,729 728,833
389,232 346,832 295,834 335,456 376,719
497,110 446,721 0 367,395 411,069
216,291 194,367 138,807 149,398 168,204
49,251 22,732 8,393 20,952 16,882
719,721 495,685 (44,911) 79,653 141,746
715,427 474,939 (37,435) 53,343 120,983
33,248 39,897 47,876 52,665 60,564
0.20% 0.20% 0.20% 0.20% 0.25%
0.20% 0.20% 0.10% 0.15% 0.15%
(60,272) (24,078) (171,407) (56,802) (48,672)
51.08% 25.73% -2.12% 3.01% 6.57%
29.88% 16.14% -1.39% 1.91% 3.90%
21.52 11.90 -0.78 1.01 2.00
144.65% 182.43% 176.89% 205.28%
6.88% 4.79% -22.42% 39.28% 13.95%
205.05% 156.44% 62.75% 66.23% 43.10%
0.11 0.08 0.33 0.08 0.05
45.14% 53.03% 23.42% 46.69% 45.12%
58.50% 62.73% 65.48% 63.63% 59.42%
42.12 46.27 36.95 33.69 30.42
-8.42% -5.07% 457.88% -106.48% -40.23%
-
(Thousand Rupees) Premier Insurance Company Ltd.
216
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employs
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
6.Underwriting profit
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
2.Return on assets (ROA) (D8/C)
3.Earning per share (D8/E1) (rs. per share)
4.Claims incurred to net premium (B2/D4)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) (time)
243,971 314,717 355,226 322,582 374,517
132,500 176,225 229,092 252,002 252,002
53,105 67,605 85,105 92,605 87,500
58,366 70,887 41,029 (22,025) 35,015
0 0 0 0 0
331,412 398,014 583,496 581,766 528,942
0 0 0 0 0
265,715 338,203 532,062 498,766 457,421
65,697 59,811 51,434 83,000 71,521
575,383 712,731 938,722 904,348 903,459
105,233 94,953 85,033 63,046 57,541
1,144 940 965 1,061 756
206,241 270,416 285,858 282,690 284,605
197,520 275,909 495,355 493,071 495,898
65,245 70,513 71,511 64,480 64,659
30,411 43,234 18,263 53,862 54,861
503,126 632,160 650,698 517,474 503,427
315,020 395,811 445,543 326,555 267,920
252,618 310,753 458,356 260,579 233,442
100,209 156,971 208,358 227,456 96,430
62,461 58,526 48,173 (51,986) 31,930
80,627 88,346 52,260 (30,994) 56,684
58,327 70,746 40,510 (32,644) 51,934
13,250 17,622 22,909 25,200 0
0.00% 0.00% 0.00% 0.00% 0.00%
0.33% 0.30% 0.10% 0.10% 0.13%
78,502 29,875 (13,817) (91,355) (58,624)
23.91% 22.48% 11.40% -10.12% 13.87%
10.14% 9.93% 4.32% -3.61% 5.75%
4.40 4.01 1.77 -1.30
105.18% 108.83% 116.08% 191.41% 195.95%
107.09% 82.73% 118.92% 159.25% 61.48%
9.65% 10.92% 4.10% 16.49% 20.48%
0.18 0.13 0.09 0.07 0.06
35.84% 37.94% 30.45% 31.26% 31.50%
42.40% 44.16% 37.84% 35.67% 41.45%
18.41 17.86 15.51 12.80
134.59% 42.23% -34.11% 279.85% -112.88%
-
-
(Thousand Rupees) Reliance Insurance Company Ltd.
217
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employs
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
6.Underwriting profit
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
2.Return on assets (ROA) (D8/C)
3.Earning per share (D8/E1) (rs. per share)
4.Claims incurred to net premium (B2/D4)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) (time)
215,434 185,615 200,731 200,869 158,141
250,000 250,000 325,000 325,000 325,000
0 0 0 0
(34,566) (64,385) (124,269) (124,131) (166,859)
0 0 0 0
134,533 413,130 433,973 321,830 243,826
0 0 0 0
117,826 393,704 401,258 299,819 232,079
16,707 19,426 32,715 22,011 11,747
349,967 598,745 634,704 522,699 401,967
129,147 118,284 99,822 32,389 50,676
0 0 0 672 872
59,459 77,091 78,613 100,488 77,633
124,192 367,901 417,997 357,867 246,811
37,169 35,469 38,272 31,283 25,975
10,841 21,387 (12,596) 10,793 3,264
164,023 274,673 283,451 267,730 202,260
84,768 141,983 145,286 124,851 82,071
162,654 366,729 308,650 144,837 120,340
50,600 114,086 (103,300) 69,939 69,765
17,080 38,796 (44,632) (8,221) (41,545)
(16,234) (28,979) (59,884) 1,472 (41,543)
(16,764) (29,820) (59,884) 847 (42,728)
25,000 25,000 32,500 32,500 0
0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00%
(20,023) (1,582) (78,530) (66,841) (27,744)
-7.78% -16.07% -29.83% 0.42% -27.02%
-4.79% -4.98% -9.43% 0.16% -10.63%
-0.67 -1.19 -1.84 0.03
72.44% 107.36% 130.00% 207.00% 192.85%
-101.88% -130.10% 74.53% -970.60% 97.23%
12.79% 15.06% -8.67% 8.64% 3.98%
0.37 0.20 0.16 0.06 0.13
16.99% 12.88% 12.39% 19.22% 19.31%
61.56% 31.00% 31.63% 38.43% 39.34%
8.62 7.42 6.18 6.18
119.44% 5.31% 131.14% -7,891.50% 64.93%
-
-
-
-
-
-
-
(Thousand Rupees) Saudi Pak Insurance Company Ltd
218
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employs
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
6.Underwriting profit
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
2.Return on assets (ROA) (D8/C)
3.Earning per share (D8/E1) (rs. per share)
4.Claims incurred to net premium (B2/D4)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) (time)
445,383 6,526,241 6,532,722 6,711,035 6,711,035
181,500 226,875 680,625 680,625 680,625
2,000 2,000 2,000 2,000 2,000
261,883 6,297,366 5,850,097 6,028,410 6,028,410
0 0 0 0 0
581,014 799,187 1,245,712 992,095 992,095
0 0 0 0 0
119,488 159,361 249,024 304,077 304,077
461,526 639,826 996,688 688,018 688,018
1,026,397 7,325,428 7,778,434 7,703,130 7,703,130
3,495 71,163 119,780 45,065 45,065
0 0 0 0 0
786,685 6,969,086 7,225,334 7,116,566 7,116,566
173,289 205,900 353,047 455,751 455,751
62,928 79,279 80,273 85,748 85,748
251,829 6,329,299 297,564 446,250 446,250
278,213 180,821 210,871 306,795 306,795
66,611 43,293 69,327 120,201 120,201
215,332 102,071 125,767 66,835 66,835
52,942 17,137 16,750 31,282 31,282
17,537 26,912 41,819 47,155 47,155
181,969 6,258,163 158,589 329,473 329,473
186,374 6,262,358 153,949 314,439 314,439
44,538 652,624 653,272 653,272 653,272
0.20% 0.10% 0.10% 0.10% 0.00%
0.10% 10.00% 0.00% 0.00% 0.00%
(58,250) (15,475) (55,301) (17,521) (17,521)
41.85% 95.96% 2.36% 4.69% 4.69%
18.16% 85.49% 1.98% 4.08% 4.08%
4.18 9.60 0.24 0.48 0.48
55.49% 156.13% 198.00% 454.97% 454.97%
9.41% 0.43% 27.16% 15.00% 15.00%
378.06% 14,619.68% 429.22% 371.25% 371.25%
0.00 0.01 0.02 0.01 0.01
76.65% 95.14% 92.89% 92.39% 92.39%
43.39% 89.09% 83.99% 87.12% 87.12%
10.00 10.00 10.00 10.27 10.27
-31.25% -0.25% -35.92% -5.57% -5.57%
(Thousand Rupees) Security General Insurance Company Ltd.
219
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employs
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
6.Underwriting profit
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
2.Return on assets (ROA) (D8/C)
3.Earning per share (D8/E1) (rs. per share)
4.Claims incurred to net premium (B2/D4)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) (time)
219,333 279,540 207,787 225,253 196,220
100,000 175,000 175,000 200,000 200,000
20,000 20,000 20,000 20,000 20,000
99,333 84,540 12,787 5,253 (23,780)
0 0 0 0 0
455,644 592,176 547,455 504,417 521,486
0 0 0 0 0
394,457 524,735 490,031 645,674 437,230
61,187 67,441 57,424 (141,257) 84,256
674,977 871,716 755,242 729,670 717,706
197,362 235,861 166,841 132,727 136,970
922 693 1,406 1,390 2,137
217,816 234,104 181,534 182,609 160,273
234,793 361,636 352,515 361,726 357,835
24,084 39,422 52,946 51,218 60,491
28,820 83,774 (64,649) 100,650 16,671
739,262 746,419 701,245 645,743 542,760
565,327 570,800 575,732 481,636 417,389
445,839 467,875 478,080 391,264 343,555
352,571 369,997 333,832 267,997 263,041
68,376 34,744 66,392 49,155 20,267
59,351 63,061 (63,847) 21,002 (23,476)
50,980 60,207 (71,753) 17,466 (29,033)
10,000 17,500 17,500 20,000 20,000
0.00% 0.00% 0.00% 0.00% 0.00%
0.75% 0.00% 0.00% 0.00% 0.00%
58,569 (8,233) (30,912) (73,685) (30,241)
23.24% 21.54% -34.53% 7.75% -14.80%
7.55% 6.91% -9.50% 2.39% -4.05%
5.10 3.44 -4.10 0.87 -1.45
88.48% 112.15% 102.50% 165.02% 127.27%
134.12% 57.71% -92.53% 281.43% -69.81%
5.10% 14.68% -11.23% 20.90% 3.99%
0.29 0.27 0.22 0.18 0.19
32.27% 26.86% 24.04% 25.03% 22.33%
32.49% 32.07% 27.51% 30.87% 27.34%
21.93 15.97 11.87 11.26 9.81
114.89% -13.67% 43.08% -421.88% 104.16%
(Thousand Rupees) Shaheen Insurance Company Ltd.
220
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employs
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
6.Underwriting profit
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
2.Return on assets (ROA) (D8/C)
3.Earning per share (D8/E1) (rs. per share)
4.Claims incurred to net premium (B2/D4)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) (time)
175,431 245,980 320,987 355,281 392,780
100,000 125,000 168,750 210,938 253,125
50,415 89,715 42,203 52,750 63,350
25,016 31,265 110,034 91,593 76,305
37,525 37,281 37,049 36,829 60,620
119,328 156,353 178,201 191,942 293,029
0 0 0 0 0
94,226 116,342 2,320 3,934 437,230
25,102 40,011 175,881 188,008 (144,201)
332,284 439,614 536,237 584,052 746,429
126,268 211,517 279,284 315,872 328,766
4,930 4,422 5,439 8,167 6,697
38,429 44,948 51,942 42,692 47,614
91,663 100,229 107,716 120,297 218,491
70,994 78,498 91,856 97,024 144,861
13,192 13,240 12,149 19,549 8,997
137,993 191,985 0 220,984 231,572
86,271 120,026 139,661 147,869 154,114
43,465 54,428 0 72,052 119,445
20,251 25,476 16,044 28,462 40,909
49,343 75,377 84,270 58,972 50,892
53,990 77,798 82,292 38,698 38,733
49,611 70,173 (7,517) (4,625) 37,291
10,000 12,500 16,000 21,094 25,313
0.00% 0.00% 0.00% 0.00% 0.15%
0.25% 0.35% 0.00% 0.00% 0.00%
72,889 87,004 84,772 45,454 27,674
28.28% 28.53% -2.34% -1.30% 9.49%
14.93% 15.96% -1.40% -0.79% 5.00%
4.96 5.61 -0.47 -0.22 1.47
216.79% 213.75% 5.46% 366.05%
99.46% 107.42% -1,121.06% -1,275.07% 136.47%
15.29% 11.03% 8.70% 13.22% 5.84%
0.38 0.48 0.52 0.54 0.44
11.57% 10.22% 9.69% 7.31% 6.38%
52.80% 55.95% 59.86% 60.83% 52.62%
17.54 19.68 20.06 16.84 15.52
146.92% 123.99% -1,127.74% -982.79% 74.21%
-
(Thousand Rupees) Silver Star Insurance Company Ltd.
221
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employs
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
6.Underwriting profit
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
2.Return on assets (ROA) (D8/C)
3.Earning per share (D8/E1) (rs. per share)
4.Claims incurred to net premium (B2/D4)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) (time)
284,479 154,499 154,424 226,845 500,128
300,000 300,000 300,000 500,000 800,000
(15,521) (145,501) 0 0 0
0 0 (145,576) (273,155) (299,872)
0 0 0 0 0
22,708 548,705 648,038 615,718 583,126
0 0 0 0 0
0 472,945 536,163 551,215 437,230
22,708 75,760 111,875 64,503 145,896
307,187 703,204 802,462 842,563 1,083,254
6,898 23,383 24,738 18,989 27,389
306 219,169 1,418 1,473 795
292,302 281,815 114,723 204,999 378,957
7,681 123,935 579,407 551,624 629,648
0 54,902 82,176 65,478 46,465
310 25,605 3,965 1,920 28,768
0 373,298 522,905 579,037 624,604
0 88,563 273,616 264,807 238,765
0 236,376 299,443 481,742 459,886
0 80,030 145,589 234,206 165,537
0 120,933 96,816 (44,409) 26,666
15,521 129,409 0 (126,278) (17,644)
15,521 129,980 (75) (127,579) (20,945)
30,000 30,000 30,000 50,000 80,000
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
(861) 22,497 (129,185) (122,447) (141,987)
5.46% 84.13% -0.05% -56.24% -4.19%
5.05% 18.48% -0.01% -15.14% -1.93%
0.52 4.33 0.00 -2.55 -0.26
200.08% 179.05% 114.42% 95.07%
0.00% 93.04% -129,088.00% 34.81% -127.31%
28.91% 1.45% 0.73% 12.05%
0.02 0.03 0.03 0.02 0.03
95.15% 40.08% 14.30% 24.33% 34.98%
92.61% 21.97% 19.24% 26.92% 46.17%
9.48 5.15 5.15 4.54 6.25
-5.55% 17.31% 172,246.67% 95.98% 677.90%
-
-
(Thousand Rupees) UBL Insurers Ltd
222
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employs
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
6.Underwriting profit
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
2.Return on assets (ROA) (D8/C)
3.Earning per share (D8/E1) (rs. per share)
4.Claims incurred to net premium (B2/D4)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) (time)
327,417 427,850 483,845 548,344 500,128
229,096 252,006 302,407 345,000 800,000
98,025 75,116 75,115 75,116 0
296 100,728 106,323 128,228 (299,872)
1,725 1,639 1,557 1,479 0
254,970 352,772 359,251 468,499 583,126
0 0 0 0 0
153,385 191,009 208,044 294,799 437,230
101,585 161,763 151,207 173,700 145,896
584,112 782,261 844,653 1,018,322 1,083,254
149,028 191,199 206,770 218,843 27,389
4,833 1,254 1,631 1,664 795
59,712 58,461 84,474 96,537 378,957
222,930 315,797 328,270 393,835 629,648
147,609 215,550 223,508 307,443 46,465
420 480 1,662 10,824 28,768
414,178 501,348 550,323 638,266 624,604
258,296 312,658 356,523 423,731 238,765
114,903 188,834 204,880 239,503 459,886
50,669 83,271 102,975 121,560 165,537
156,850 178,531 168,587 205,471 26,666
105,638 108,080 58,223 72,792 (17,644)
95,081 100,346 55,913 64,421 (20,945)
18,667 25,200 30,240 34,500 80,000
0.00% 0.00% 0.00% 0.00% 0.00%
0.35% 0.20% 14.08% 0.00% 0.00%
57,164 93,042 88,705 134,972 (141,987)
29.04% 23.45% 11.56% 11.75% -4.19%
16.28% 12.83% 6.62% 6.33% -1.93%
5.09 3.98 1.85 1.87 -0.26
133.49% 101.15% 101.54% 123.09% 95.07%
164.96% 177.92% 301.52% 318.95% -127.31%
0.16% 0.15% 0.47% 2.55% 12.05%
0.26 0.24 0.24 0.21 0.03
10.22% 7.47% 10.00% 9.48% 34.98%
56.05% 54.69% 57.28% 53.85% 46.17%
17.54 16.98 16.00 15.89 6.25
60.12% 92.72% 158.65% 209.52% 677.90%
(Thousand Rupees) United Insurance Company of Pakistan Ltd.
223
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employs
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
6.Underwriting profit
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
2.Return on assets (ROA) (D8/C)
3.Earning per share (D8/E1) (rs. per share)
4.Claims incurred to net premium (B2/D4)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) (time)
173,840 235,606 256,914 265,093 232,997
100,000 120,000 210,000 210,000 262,500
13,647 18,072 14,368 10,614 14,127
60,193 97,534 32,546 44,479 (43,630)
0 0 0 120,326 211,373
579,540 552,122 598,817 618,599 719,603
0 0 0 0
521,314 492,244 119,646 131,000 222,564
58,226 59,878 479,171 487,599 497,039
753,380 787,728 855,731 1,004,018 1,163,973
211,981 143,232 151,974 158,900 88,309
46,047 88,620 554 773 643
0 0 84,172 54,757 160,175
386,342 453,472 505,304 553,047 667,795
109,010 102,404 113,727 236,541 247,051
6,639 15,067 (1,531) 16,320 8,172
578,816 550,254 0 556,737 512,126
390,820 371,535 407,075 360,799 328,663
346,425 319,513 0 293,790 355,874
202,804 187,049 196,970 181,590 177,037
36,620 28,179 95,869 57,840 (17,243)
40,511 70,107 34,238 11,933 (103,433)
29,877 57,341 21,062 8,850 (86,485)
10,000 12,000 21,000 21,000 26,250
0.00% 0.00% 0.00% 0.00%
0.20% 0.40% 0.00% 0.00%
16,824 (67,539) (140,275) (167,136) (101,480)
17.19% 24.34% 8.20% 3.34% -37.12%
3.97% 7.28% 2.46% 0.88% -7.43%
2.99 4.78 1.00 0.42 -3.29
150.48% 154.06% 44.59% 62.54%
122.57% 49.14% 455.18% 653.56% 19.94%
1.70% 4.06% -0.38% 4.52% 2.49%
0.28 0.18 0.18 0.16 0.08
0.00% 0.00% 9.84% 5.45% 13.76%
23.07% 29.91% 30.02% 26.40% 20.02%
17.38 19.63 12.23 12.62 8.88
56.31% -117.78% -666.01% -1,888.54% 117.34%
-
-
-
-
(Thousand Rupees) Universal Insurance Company Ltd.
224
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employs
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
6.Underwriting profit
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
2.Return on assets (ROA) (D8/C)
3.Earning per share (D8/E1) (rs. per share)
4.Claims incurred to net premium (B2/D4)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) (time)
313,724 1,206,788 1,821,033 1,982,352 1,601,935
360,005 1,309,472 2,140,771 2,290,772 2,366,653
(10,095) (40,779) 0 0 46,713
(36,186) (61,905) (319,738) (308,420) (811,431)
277,877 4,322 (7,429) (7,430) (7,429)
166,100 322,698 866,961 946,861 1,746,964
43,687 28,118 199,151 43,741 681,660
31,524 208,335 367,308 497,859 1,136,673
90,889 86,245 300,502 405,261 (71,369)
757,701 1,533,808 2,680,565 2,921,783 3,341,470
625,191 787,811 718,282 873,776 1,036,205
0 0 0 0 0
29,700 370,054 1,072,117 1,025,765 1,089,272
51,119 243,222 608,487 702,599 895,942
51,691 132,721 281,679 319,643 320,051
1,842 28,293 91,662 73,881 1,562,513
79,743 330,367 586,031 1,004,939 1,932,885
32,587 120,630 1,035,041 755,305 775,037
52,490 253,283 522,621 764,849 708,682
38,398 175,378 589,898 541,915 575,353
(6,235) (64,168) 238,563 109,957 118,275
4,313 22,850 (133,126) (255,378) (230,434)
(21,928) (56,403) (118,028) (118,974) (142,654)
36,000 130,947 214,077 199,077 236,665
37,745 (88,707) (171,636) (367,162) 11,688
-6.99% -4.67% -6.48% -6.00% -8.91%
-2.89% -3.68% -4.40% -4.07% -4.27%
-0.61 -0.43 -0.55 -0.60 -0.60
60.06% 82.25% 70.28% 65.09% 160.39%
28.43% 113.77% -202.12% -92.42% -82.91%
5.65% 23.45% 8.86% 9.78% 201.60%
0.83 0.51 0.27 0.30 0.31
3.92% 24.13% 40.00% 35.11% 32.60%
41.40% 78.68% 67.93% 67.85% 47.94%
8.71 9.22 8.51 9.96 6.77
-172.13% 157.27% 145.42% 308.61% -8.19%
(Thousand Rupees) Takaful Companies - Overall
N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A
225
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employs
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
6.Underwriting profit
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
2.Return on assets (ROA) (D8/C)
3.Earning per share (D8/E1) (rs. per share)
4.Claims incurred to net premium (B2/D4)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) (time)
751,012 718,407 652,846
750,000 750,000 750,000
0 0 0
1,012 (31,593) (97,154)
(10,090) (10,090) (10,090)
33,054 63,757 175,373
11,434 24,342 97,413
1,665 15,917 76,834
19,955 23,498 1,126
773,976 772,074 818,129
114,625 132,123 163,787
0 0 0
543,823 451,454 393,943
88,407 115,008 176,361
27,121 73,489 84,038
43,383 55,689 1,453,985
34,017 49,823 203,653
0 0 148,731
100,000 7,079 19,716
100,000 2,228 5,287
0 0 0
10,757 (42,834) (105,270)
5,104 (32,605) (65,561)
75,000 75,000 75,000
0.00% 0.00% 0.00%
0.00% 0.00% 0.00%
(106,316) (87,079) (46,413)
0.68% -4.54% -10.04%
0.66% -4.22% -8.01%
0.07 -0.43 -0.87
1.67% 224.85% 389.70%
0.00% 0.00% 0.00%
977.59%
0.15 0.17 0.20
70.26% 58.47% 48.15%
97.03% 93.05% 79.80%
10.01 9.58 8.70
-2,082.99% 267.07% 70.79%
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- - - -
- -
- -
- -
- -
- -
(Thousand Rupees) Dawood Family Takaful Ltd.
226
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employs
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
6.Underwriting profit
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
2.Return on assets (ROA) (D8/C)
3.Earning per share (D8/E1) (rs. per share)
4.Claims incurred to net premium (B2/D4)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) (time)
(5,926) 424,320 367,095 431,155 362,279
0 451,672 532,971 532,972 608,853
0 0 0 0 0
(5,926) (27,352) (165,876) (101,817) (246,574)
203,259 1,661 0 0 0
9,391 11,307 293,332 122,170 715,126
0 1,595 226,212 64,110 575,702
0 176 65,459 56,399 136,034
9,391 9,536 1,661 1,661 3,390
206,724 437,288 660,427 553,325 1,077,405
204,605 208,641 81,268 84,327 349,256
0 0 0 0 0
0 179,278 285,428 255,437 406,802
2,119 9,276 157,717 99,415 184,850
0 40,093 136,014 114,146 136,497
0 9,868 40,563 8,478 17,636
0 1,267 121,740 26,838 1,043,143
0 1,095 456,177 125,102 152,300
0 0 86,295 25,534 158,833
0 0 37,885 21,820 100,580
0 1,095 233,279 74,195 0
(5,925) (21,420) (105,262) (115,278) (105,771)
(5,925) (21,426) (62,330) (72,365) (72,027)
0 45,167 53,297 53,297 60,885
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
0 (30,644) 16,442 (63,071) 304,614
99.98% -5.05% -16.98% -16.78% -19.88%
-2.87% -4.90% -9.44% -13.08% -6.69%
-0.47 -1.17 -1.36 -1.18
75.85% 220.88% 85.65%
0.00% -5.11% -374.26% -102.53% 0.00%
901.19% 8.89% 6.78% 11.58%
0.99 0.48 0.12 0.15 0.32
0.00% 41.00% 43.22% 46.16% 37.76%
-2.87% 97.03% 55.58% 77.92% 33.63%
9.39 6.89 8.09 5.95
0.00% 143.02% -26.38% 87.16% -422.92%
-
- -
-
-
(Thousand Rupees) Pak Qatar Family Takaful Ltd.
227
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employs
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
6.Underwriting profit
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
2.Return on assets (ROA) (D8/C)
3.Earning per share (D8/E1) (rs. per share)
4.Claims incurred to net premium (B2/D4)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) (time)
224,511 225,856 227,563 387,714 189,529
250,000 250,000 250,000 400,000 400,000
0 0 0 0 46,713
(25,489) (24,144) (22,437) (12,286) (257,184)
0 0 0 0 0
89,518 183,233 121,358 141,046 417,185
43,687 36,424 (1,544) (41,204) 0
31,524 126,785 101,378 141,933 437,230
14,307 20,024 21,524 40,317 (20,045)
314,029 409,089 348,921 528,760 606,714
218,446 219,491 142,024 270,181 277,407
0 0 0 0 0
18,700 33,631 42,591 42,461 54,646
36,699 114,353 130,034 180,176 240,928
40,184 41,614 34,272 35,942 33,733
1,842 3,288 558 610 1,904
79,743 260,222 222,456 256,734 322,967
32,587 106,340 143,043 159,952 239,644
52,490 216,074 220,097 219,145 250,424
38,398 158,065 197,353 197,534 229,144
(6,235) (52,605) (60,173) 68,370 67,902
(523) 2,646 1,707 12,345 64,352
(1,167) 1,345 1,707 10,151 59,000
25,000 25,000 25,000 40,000 40,000
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
31,878 4,491 (80,188) 29,175 (13,192)
-0.52% 0.60% 0.75% 2.62% 31.13%
-0.37% 0.33% 0.49% 1.92% 9.72%
-0.05 0.05 0.07 0.25 1.48
60.06% 58.68% 46.06% 64.77% 174.60%
534.28% -3,911.15% -3,525.07% 673.53% 115.09%
5.65% 3.09% 0.39% 0.38% 0.79%
0.70 0.54 0.41 0.51 0.46
5.95% 8.22% 12.21% 8.03% 9.01%
71.49% 55.21% 65.22% 73.33% 31.24%
8.98 9.03 9.10 9.69 4.74
-2,731.62% 333.90% -4,697.60% 287.41% -22.36%
(Thousand Rupees) Pak Kuwait Takaful Company Ltd
228
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employs
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
6.Underwriting profit
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
2.Return on assets (ROA) (D8/C)
3.Earning per share (D8/E1) (rs. per share)
4.Claims incurred to net premium (B2/D4)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) (time)
(4,741) 297,391 278,576 279,094 266,740
0 307,800 307,800 307,800 307,800
0 0 0 0 0
(4,741) (10,409) (29,224) (28,706) (41,060)
74,618 2,661 2,661 2,660 2,661
30,158 3,559 63,023 112,824 105,971
0 28 0 0 0
0 347 40,718 117,779 49,345
30,158 3,184 22,305 (4,955) 56,626
100,035 303,611 344,260 394,578 375,372
95,761 177,469 135,543 30,164 14,316
0 0 0 0 0
0 106,259 122,485 221,674 184,810
4,274 5,773 53,313 90,283 140,453
0 14,110 32,919 52,457 35,793
0 14,805 3,965 1,920 87,425
0 1,621 0 579,037 141,503
0 (1,528) 273,616 264,807 87,425
0 399 0 481,742 162,401
0 399 145,589 234,206 137,620
0 (1,930) 96,816 (44,409) 0
(4,741) (5,660) 0 (126,278) (43,694)
(4,741) (5,668) (75) (1,301) (28,625)
0 30,780 30,780 30,780 30,780
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
21,142 (43,132) (129,185) (122,446) (77,219)
100.00% -1.91% -0.03% -0.47% -10.73%
-4.74% -1.87% -0.02% -0.33% -7.63%
-0.18 0.00 -0.04 -0.93
86.97% 24.45% 30.38%
0.00% 34.05% -129,088.00% 3,413.45% 0.00%
-968.91% 1.45% 0.73% 100.00%
0.96 0.58 0.39 0.08 0.04
0.00% 35.00% 35.58% 56.18% 49.23%
-4.74% 97.95% 80.92% 70.73% 71.06%
9.66 9.05 9.07 8.67
-445.94% 760.97% 172,246.67% 9,411.68% 269.76%
-
- -
-
-
(Thousand Rupees) Pak Qatar General Takaful Ltd.
229
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employs
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
6.Underwriting profit
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
2.Return on assets (ROA) (D8/C)
3.Earning per share (D8/E1) (rs. per share)
4.Claims incurred to net premium (B2/D4)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) (time)
99,880 259,221 196,787 165,982 130,541
110,005 300,000 300,000 300,000 300,000
(10,095) (40,779) 0 0 0
(30) 0 (103,213) (134,018) (169,459)
0 0 0 0 0
37,033 124,599 356,194 507,064 333,309
0 (9,929) (36,951) (3,507) 8,545
0 81,027 158,088 165,831 437,230
37,033 53,501 235,057 344,740 (112,466)
136,913 383,820 552,981 673,046 463,850
106,379 182,210 244,822 356,981 231,439
0 0 0 0 0
11,000 50,886 77,790 54,739 49,071
8,027 113,820 179,016 217,717 153,350
11,507 36,904 51,353 43,609 29,990
0 332 3,193 7,184 1,563
0 67,257 207,818 92,507 221,619
0 14,723 162,205 205,444 146,937
0 36,810 116,229 31,349 117,308
0 16,914 109,071 86,127 102,722
0 (10,728) (31,359) 11,801 50,373
15,502 47,284 (40,328) 16,667 (40,051)
(10,095) (30,654) (62,434) (22,854) (35,441)
11,000 30,000 30,000 0 30,000
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
(15,275) (19,422) 127,611 (123,741) (156,102)
-10.11% -11.83% -31.73% -13.77% -27.15%
-7.37% -7.99% -11.29% -3.40% -7.64%
-0.92 -1.02 -2.08 -1.18
220.12% 136.01% 528.98% 372.72%
0.00% 35.00% 50.23% -51.64% -142.13%
2.25% 1.97% 3.50% 1.06%
0.78 0.47 0.44 0.53 0.50
8.03% 13.26% 14.07% 8.13% 10.58%
72.95% 67.54% 35.59% 24.66% 28.14%
9.08 8.64 6.56 4.35
151.31% 63.36% -204.39% 541.44% 440.46%
-
-
-
-
(Thousand Rupees) Takaful Pakistan Ltd.
Financial Statement Analysis of Financial Sector 2010

230

Revenue
Admin. &
General Exp.
Profit before
Tax
Profit after
Tax
FY 09 1,282 1,298 -79 -31
FY 10 1,556 1,387 133 -35
-200
200
600
1,000
1,400
1,800
M
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Profit & Loss Account

HOUSING FINANCE

Performance at a Glance

In housing finance sector, there have been two companies available, i.e., Asian Housing Finance
Limited and House Building Finance Corporation (HBFC). Total assets witnessed an increase of 3.3
percent to stand at Rs 19.2 billion in FY10 as compared to Rs. 18.6 billion in FY09. House Building
Finance Corporation (HBFC) showed a profit before taxation of Rs140 million.

Analysis of Balance Sheet Components

Total equity decreased from Rs 2.5 billion
in FY09 to Rs 2.2 billion in FY10,
however share capital almost remained
same at Rs 3.1 billion in the last two
years. Total assets slightly increased from
Rs 18.6 billion in FY09 to Rs. 19.2 billion
in FY10, showing a growth of 3.3 percent.
Current assets contributed 99.5 percent of
total assets in FY10. Total Liabilities
increased from Rs 16.1 billion in FY09 to Rs 17.1 billion in FY10, recording a growth of 6.3 percent.

Profitability and Operating
Efficiency
Gross revenue increased from Rs 1.3
billion in FY09 to Rs 1.6 billion in FY10
showing an increase of around 21.3
percent. Administrative and general
expenses contributed 89 percent of gross
revenue in FY10 as against a contribution
of over 100 percent in FY09. Loss after
tax at Rs 31.5 million in FY09 increased by 10.5 percent to Rs 34.8 million in FY10.

Total Equity
Total
Liabilities
Total
Assets
FY 09 2.5 16.1 18.6
FY 10 2.2 17.1 19.2
Growth -15% 6% 3%
-15%
6%
3%
-20%
-15%
-10%
-5%
0%
5%
10%
0.0
5.0
10.0
15.0
20.0
25.0
B
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Components of Balance Sheets
231
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Statutry reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 + B2)
1.Current liabilities
2.Non-current liabilities (a + b)
a.Lease finance
b.Long term finance
C.Total assets (C1 + C2)
1.Current assets (a + b)
a.Cash & bank balances
b.Other current assets
2.Non-current assets (a + b)
a.Investment in housing finance
b.Other assets
D.Profit & loss account
1.Revenue
2.Admin. & general expense
3.Profit/(loss) before taxation
4.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
2.Return on capital employed (ROCE) (D4/C-B1)
3.Return on assets (ROA) (D4/C)
4.Admin. expense to profit before tax. (D2/D3) (times)
5.Earning per share (D4/E1)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.Cuurent assets to current liabilities (C1/B1)
3.Total liabilities to total assets (B/C)
4.Investment to total assets (C2a/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratio
1.Cash generated. from operating activities to profit after tax (E4/D4)
2.Cash generated from operating activities to current liabilities (E4/B1)
143,198 130,909 2,575,852 2,546,595 2,163,496
126,164 126,164 3,127,164 3,127,164 3,127,164
12,973 12,973 498,463 498,463 520,969
4,061 (8,228) (1,049,775) (1,079,032) (1,484,637)
2,685 2,685 2,685 2,107 (16,074)
28,823 23,971 15,778,578 16,054,310 17,052,249
15,022 23,851 15,778,578 16,031,728 17,052,249
13,801 120 0 22,582 0
966 0 0 22,582 0
12,835 120 0 0 0
174,706 157,565 18,357,115 18,603,012 19,199,671
138,733 117,423 18,323,522 18,530,061 19,166,078
590 309 704,067 219,559 60,568
138,143 117,114 17,619,455 18,310,502 19,105,510
35,973 40,142 33,593 72,951 33,593
10,289 11,098 9,188 13,622 9,188
25,684 29,044 24,405 59,329 24,405
11,903 3,980 3,068,036 1,282,353 1,560,725
19,312 16,248 1,227,434 1,297,638 1,383,825
(7,410) (12,268) (2,841) (79,008) 135,947
(7,470) 12,289 (389,881) (31,479) (32,003)
12,616 12,616 312,716 312,716 312,716
(16,397) (13,691) (227,022) 651,531 2,321,732
-5.22% 9.39% -15.14% -1.24% -1.48%
-4.68% 9.19% -15.12% -1.22% -1.49%
-4.28% 7.80% -2.12% -0.17% -0.17%
-2.61 -1.32 -432.04 -16.42 10.18
-0.59 0.97 -1.25 -0.10 -0.10
0.34% 0.20% 3.84% 1.18% 0.32%
9.24 4.92 1.16 1.16 1.12
0.16 0.15 0.86 0.86 0.89
5.89% 7.04% 0.05% 0.07% 0.05%
81.97% 83.08% 14.03% 13.69% 11.27%
11.35 10.38 8.24 8.14 6.92
2.20 -1.11 0.58 -20.70 -72.55
-1.09 -0.57 -0.01 0.04 0.14
(Thousand Rupees) Housing Finance Companies - Overall
N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A
232
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Statutry reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 + B2)
1.Current liabilities
2.Non-current liabilities (a + b)
a.Lease finance
b.Long term finance
C.Total assets (C1 + C2)
1.Current assets (a + b)
a.Cash & bank balances
b.Other current assets
2.Non-current assets (a + b)
a.Investment in housing finance
b.Other assets
D.Profit & loss account
1.Revenue
2.Admin. & general expense
3.Profit/(loss) before taxation
4.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
2.Return on capital employed (ROCE) (D4/C-B1)
3.Return on assets (ROA) (D4/C)
4.Admin. expense to profit before tax. (D2/D3) (times)
5.Earning per share (D4/E1)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.Cuurent assets to current liabilities (C1/B1)
3.Total liabilities to total assets (B/C)
4.Investment to total assets (C2a/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratio
1.Cash generated. from operating activities to profit after tax (E4/D4)
2.Cash generated from operating activities to current liabilities (E4/B1)
143,198 130,909 126,585 125,688 126,585
126,164 126,164 126,164 126,164 126,164
12,973 12,973 12,973 12,973 12,973
4,061 (8,228) (12,552) (13,449) (12,552)
2,685 2,685 2,685 2,685 2,685
28,823 23,971 17,256 36,983 17,256
15,022 23,851 17,256 14,401 17,256
13,801 120 0 22,582 0
966 0 0 22,582 0
12,835 120 0 0 0
174,706 157,565 146,526 165,356 146,526
138,733 117,423 112,933 92,405 112,933
590 309 779 790 779
138,143 117,114 112,154 91,615 112,154
35,973 40,142 33,593 72,951 33,593
10,289 11,098 9,188 13,622 9,188
25,684 29,044 24,405 59,329 24,405
11,903 3,980 11,811 13,544 11,811
19,312 16,248 11,085 14,093 11,085
(7,410) (12,268) (4,264) (896) (4,264)
(7,470) 12,289 (4,324) (896) (4,324)
12,616 12,616 12,616 12,616 12,616
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
(16,397) (13,691) 12,129 3,720 12,129
-5.22% 9.39% -0.03% -0.71% -3.42%
-4.68% 9.19% -0.03% -0.59% -3.34%
-4.28% 7.80% -0.03% -0.54% -2.95%
-2.61 -1.32 -2.60 -15.73 -2.60
-0.59 0.97 -0.34 -0.07 -0.34
0.34% 0.20% 0.01% 0.48% 0.53%
9.24 4.92 6.55 6.42 6.54
0.16 0.15 0.12 0.22 0.12
5.89% 7.04% 0.06% 8.24% 6.27%
81.97% 83.08% 0.86% 76.01% 86.39%
11.35 10.38 10.03 9.96 10.03
2.20 -1.11 -2.81 -4.15 -2.81
-1.09 -0.57 0.70 0.26 0.70
(Thousand Rupees) Asian Housing Finance Ltd.
233
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Statutry reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 + B2)
1.Current liabilities
2.Non-current liabilities (a + b)
a.Lease finance
b.Long term finance
C.Total assets (C1 + C2)
1.Current assets (a + b)
a.Cash & bank balances
b.Other current assets
2.Non-current assets (a + b)
a.Investment in housing finance
b.Other assets
D.Profit & loss account
1.Revenue
2.Admin. & general expense
3.Profit/(loss) before taxation
4.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
2.Return on capital employed (ROCE) (D4/C-B1)
3.Return on assets (ROA) (D4/C)
4.Admin. expense to profit before tax. (D2/D3) (times)
5.Earning per share (D4/E1)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.Cuurent assets to current liabilities (C1/B1)
3.Total liabilities to total assets (B/C)
4.Investment to total assets (C2a/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratio
1.Cash generated. from operating activities to profit after tax (E4/D4)
2.Cash generated from operating activities to current liabilities (E4/B1)
2,449,267 2,420,907 2,036,911
3,001,000 3,001,000 3,001,000
485,490 485,490 507,996
(1,037,223) (1,065,583) (1,472,085)
0 (578) (18,759)
15,761,322 16,017,327 17,034,993
15,761,322 16,017,327 17,034,993
0 0 0
0 0 0
0 0 0
18,210,589 18,437,656 19,053,145
18,210,589 18,437,656 19,053,145
703,288 218,769 59,789
17,507,301 18,218,887 18,993,356
0 0 0
0 0 0
0 0 0
3,056,225 1,268,809 1,548,914
1,216,349 1,283,545 1,372,740
1,423 (78,112) 140,211
(385,557) (30,583) (27,679)
300,100 300,100 300,100
0.00% 0.00% 0.00%
0.00% 0.00% 0.00%
(239,151) 647,811 2,309,603
-15.74% -1.26% -1.36%
-15.74% -1.26% -1.37%
-2.12% -0.17% -0.15%
854.78 -16.43 9.79
-1.28 -0.10 -0.09
3.86% 1.19% 0.31%
1.16 1.15 1.12
0.87 0.87 0.89
0.00% 0.00% 0.00%
13.45% 13.13% 10.69%
8.16 8.07 6.79
0.62 -21.18 -83.44
-0.02 0.04 0.14
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
(Thousand Rupees) HOUSE BUILDING FINANCE COMPANY LIMITED
Financial Statement Analysis of Financial Sector 2010

234

0.0
2.0
4.0
6.0
8.0
10.0
12.0
CY 09 CY 10
10.4
10.7
3.3
3.0
0.3 0.3
B
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Revenue Admin & Opr. Expense Financial Charges
VENTURE CAPITALS

Performance at a Glance

Venture Capital reflected contraction in balance sheet size during the period under review. Total
equity also contracted by around 257 percent during FY10. Total assets base stood at 6.2 billion in
FY10. Venture Capital showed losses before and after taxation at Rs 1.3 billion & Rs 1.1 billion
respectively in FY10.

Analysis of Balance Sheet

Total equity is negative Rs 1.3
billion in FY10 due to heavy
unappropriated losses by TRG
Pakistan Limited. Total assets
declined from Rs 6.8 billion in
FY09 to Rs 6.2 billion in FY10,
showing a decline of 9.0 percent.
In composition of total assets,
current assets comprised of 57.8 percent while 42.2 percent are non-current assets. Total Liabilities
increased from Rs 6.4 billion in FY09 to Rs 6.8 billion in FY10, recording a growth of around 5.9
percent. Venture investment declined by 38.9 percent in FY10 over FY09.
Profitability and Operating
Efficiency

Gross revenue increased from Rs
10.4 billion in FY09 to Rs 10.8
billion in FY10, witnessing an
increase of around 3.1 percent.
Administrative and general
expenses which were Rs 3.3
billion during FY09 declined to
around Rs 3.0 billion registering a decrease of 8.7 percent. Ratio of administrative and general
expenses to gross revenue which stood at around 31.6 percent in FY09 came down to 27.9 percent in
FY10. Venture Capitals however, suffered heavy losses again in FY10. Losses before and after tax
stood at Rs. 1.3 billion and Rs. 1.1 billion respectively in FY10.

Total Equity Total Liabilities Total Assets
CY 09 -0.4 6.4 6.8
CY 10 -1.3 6.8 6.2
Growth -257% 6% -9%
-257%
6%
-9%
-300%
-250%
-200%
-150%
-100%
-50%
0%
50%
-2.0
0.0
2.0
4.0
6.0
8.0
B
i
l
l
i
o
n

R
s
.
Components of Balance Sheets
Financial Statement Analysis of Financial Sector 2010

















236
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets (a + b)
a.Cash & bank balances
b.Others
2.Non-current assets (a + b)
a.Venture investment
b.Others
D.Profit & loss account
1.Revenue
2.Admin. & operating expense
3.Financial charges
4.Profit/(loss) before taxation
5.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D5/A)
2.Return on capital employed (ROCE) (D5/C-B1)
3.Return on assets (ROA) (D5/C)
4.Return on revenue (ROR) (D5/D1)
5.Admin. expense to revenue (D2/D1)
6.Earning per share (D5/E1)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total liabilities to total assets (B/C) (times)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D5) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
2,469,945 3,835,782 3,795,510 (375,302) (1,339,491)
2,723,692 4,168,907 4,168,907 4,205,980 4,205,980
0 0 0 290,145 237,605
(253,747) (333,125) (373,397) (4,871,427) (5,783,076)
4,423 0 12,000 769,105 743,249
1,656,455 220,219 247,193 6,390,690 6,769,505
1,607,231 54,861 224,871 5,765,399 6,348,032
49,224 165,358 22,322 625,291 421,473
4,130,823 4,056,001 4,054,703 6,784,493 6,173,263
117,301 146,100 144,913 2,728,074 3,565,932
50,824 8,821 6,496 321,524 542,959
66,477 137,279 138,417 2,406,550 3,022,973
4,013,522 3,909,901 3,909,790 4,056,419 2,607,331
3,862,483 3,862,483 3,862,483 3,929,756 2,399,507
151,039 47,418 47,307 126,663 207,824
66,066 30,045 20,342 10,367,521 10,687,505
47,981 47,794 48,378 3,270,874 2,987,472
157,109 53,967 55,628 288,659 259,362
(139,283) (79,379) (65,588) (1,935,167) (1,288,559)
(139,283) (79,379) (91,307) (1,948,392) (1,077,458)
272,369 416,891 416,891 420,598 420,598
(115,064) (73,203) (79,925) (229,951) 107,019
-5.64% -2.07% -2.41% 519.15% 80.44%
-5.52% -1.98% -2.38% -191.19% 616.50%
-3.37% -1.96% -2.25% -28.72% -17.45%
-210.82% -264.20% -448.86% -18.79% -10.08%
72.63% 159.07% 237.82% 31.55% 27.95%
-0.51 -0.19 -0.22 -4.63 -2.56
1.23% 0.22% 0.16% 4.74% 8.80%
0.07 2.66 0.64 0.47 0.56
0.40 0.05 0.06 0.94 1.10
59.79% 94.57% 93.61% -5.53% -21.70%
9.07 9.20 9.10 -0.89 -3.18
0.83 0.92 0.88 0.12 -0.10
-0.07 -1.33 -0.36 -0.04 0.02
(Thousand Rupees) Venture Capital - Overall
N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A
237
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets (a + b)
a.Cash & bank balances
b.Others
2.Non-current assets (a + b)
a.Venture investment
b.Others
D.Profit & loss account
1.Revenue
2.Admin. & operating expense
3.Financial charges
4.Profit/(loss) before taxation
5.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D5/A)
2.Return on capital employed (ROCE) (D5/C-B1)
3.Return on assets (ROA) (D5/C)
4.Return on revenue (ROR) (D5/D1)
5.Admin. expense to revenue (D2/D1)
6.Earning per share (D5/E1)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total liabilities to total assets (B/C) (times)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D5) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
14,727 15,757
25,073 25,073
752 752
(11,098) (10,068)
20,891 20,891
17,025 4,397
17,025 4,397
0 0
52,643 41,045
35,590 35,486
396 380
35,194 35,106
17,053 5,559
7,033 5,539
10,020 20
(37,165) 5,354
13,998 3,191
172 6
(14,207) 1,759
(14,207) 1,030
2,507 2,507
0.00% 0.00%
0.00% 0.00%
(19,148) 3,531
-96.47% 6.54%
-39.89% 2.81%
-26.99% 2.51%
38.23% 19.24%
-37.66% 59.60%
-5.67 0.41
0.75% 0.93%
2.09 8.07
0.32 0.11
27.98% 38.39%
5.87 6.29
1.35 3.43
-1.12 0.80
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
(Thousand Rupees) AKD Capital Ltd.
238
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets (a + b)
a.Cash & bank balances
b.Others
2.Non-current assets (a + b)
a.Venture investment
b.Others
D.Profit & loss account
1.Revenue
2.Admin. & operating expense
3.Financial charges
4.Profit/(loss) before taxation
5.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D5/A)
2.Return on capital employed (ROCE) (D5/C-B1)
3.Return on assets (ROA) (D5/C)
4.Return on revenue (ROR) (D5/D1)
5.Admin. expense to revenue (D2/D1)
6.Earning per share (D5/E1)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total liabilities to total assets (B/C) (times)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D5) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
275,596 259,222 233,655 222,187 222,187
300,000 300,000 300,000 300,000 300,000
0 0 0 0 0
(24,404) (40,778) (66,345) (77,813) (77,813)
0 0 0 0 0
170,014 187,171 213,055 244,337 244,337
124,827 23,856 193,519 244,337 244,337
45,187 163,315 19,536 0 0
445,610 446,393 446,710 466,524 466,524
21,065 102,602 103,815 124,373 124,373
21 207 14 7 7
21,044 102,395 103,801 124,366 124,366
424,545 343,791 342,895 342,151 342,151
304,128 304,128 304,128 304,128 304,128
120,417 39,663 38,767 38,023 38,023
11,624 14,005 4,542 18,926 18,926
11,876 4,383 2,586 1,334 1,334
17,854 26,511 27,952 29,212 29,212
(18,106) (16,375) 152 428 428
(18,106) (16,375) (25,567) (11,469) (11,469)
30,000 30,000 30,000 30,000 30,000
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
(14,235) 6,683 15,964 26,040 186,330
-6.57% -6.32% -10.94% -5.16% -5.16%
-5.64% -3.88% -10.10% -5.16% -5.16%
-4.06% -3.67% -5.72% -2.46% -2.46%
-155.76% -116.92% -562.90% -60.60% -60.60%
102.17% 31.30% 56.94% 7.05% 7.05%
-0.60 -0.55 -0.85 -0.38 -0.38
0.00% 0.05% 0.00% 0.00% 0.00%
0.17 4.30 0.54 0.51 0.51
0.38 0.42 0.48 0.52 0.52
61.85% 58.07% 52.31% 47.63% 47.63%
9.19 8.64 7.79 7.41 7.41
0.79 -0.41 -0.62 -2.27 -16.25
-0.11 0.28 0.08 0.11 0.76
(Thousand Rupees) AMZ Venture Capital
239
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets (a + b)
a.Cash & bank balances
b.Others
2.Non-current assets (a + b)
a.Venture investment
b.Others
D.Profit & loss account
1.Revenue
2.Admin. & operating expense
3.Financial charges
4.Profit/(loss) before taxation
5.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D5/A)
2.Return on capital employed (ROCE) (D5/C-B1)
3.Return on assets (ROA) (D5/C)
4.Return on revenue (ROR) (D5/D1)
5.Admin. expense to revenue (D2/D1)
6.Earning per share (D5/E1)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total liabilities to total assets (B/C) (times)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D5) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
22,136 10,166 (4,539) 1,146 1,146
15,000 15,000 15,000 27,000 27,000
0 0 0 0 0
7,136 (4,834) (19,539) (25,854) (25,854)
0 0 12,000 0 0
1,976 3,833 4,923 7,681 7,681
1,008 1,790 2,137 6,415 6,415
968 2,043 2,786 1,266 1,266
24,112 13,999 12,384 8,827 8,827
21,971 9,778 7,378 6,437 6,437
415 2,387 255 9 9
21,556 7,391 7,123 6,428 6,428
2,141 4,221 5,006 2,390 2,390
0 0 0 0 0
2,141 4,221 5,006 2,390 2,390
25,102 7,740 7,500 7,500 7,500
10,362 19,465 21,846 14,888 14,888
236 257 477 431 431
14,735 (11,970) (14,706) (6,315) (6,315)
14,735 (11,970) (14,706) (6,315) (6,315)
1,500 1,500 1,500 2,700 2,700
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
(3,630) 3,861 (12,142) 644 644
66.57% -117.75% 3.24% -551.05% -551.05%
63.78% -98.04% -1.44% -261.82% -261.82%
61.11% -85.51% -1.19% -71.54% -71.54%
58.70% -154.65% -1.96% -84.20% -84.20%
41.28% 251.49% -1.49% 198.51% 198.51%
9.82 -7.98 -9.80 -2.34 -2.34
1.72% 17.05% 0.02% 0.10% 0.10%
21.80 5.46 3.45 1.00 1.00
0.08 0.27 0.40 0.87 0.87
91.80% 72.62% -0.37% 12.98% 12.98%
14.76 6.78 -3.03 0.42 0.42
-0.25 -0.32 0.83 -0.10 -0.10
-3.60 2.16 -5.68 0.10 0.10
(Thousand Rupees) TMT-Venture Capital
240
Financial Statement Analysis of Financial Sector 2010
2006 2007 2008 2009 2010 Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets (a + b)
a.Cash & bank balances
b.Others
2.Non-current assets (a + b)
a.Venture investment
b.Others
D.Profit & loss account
1.Revenue
2.Admin. & operating expense
3.Financial charges
4.Profit/(loss) before taxation
5.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D5/A)
2.Return on capital employed (ROCE) (D5/C-B1)
3.Return on assets (ROA) (D5/C)
4.Return on revenue (ROR) (D5/D1)
5.Admin. expense to revenue (D2/D1)
6.Earning per share (D5/E1)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total liabilities to total assets (B/C) (times)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D5) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
2,172,213 3,566,394 3,566,394 (613,362) (1,578,581)
2,408,692 3,853,907 3,853,907 3,853,907 3,853,907
0 0 0 289,393 236,853
(236,479) (287,513) (287,513) (4,756,662) (5,669,341)
4,423 0 0 748,214 722,358
1,484,465 29,215 29,215 6,121,647 6,513,090
1,481,396 29,215 29,215 5,497,622 6,092,883
3,069 0 0 624,025 420,207
3,661,101 3,595,609 3,595,609 6,256,499 5,656,867
74,265 33,720 33,720 2,561,674 3,399,636
50,388 6,227 6,227 321,112 542,563
23,877 27,493 27,493 2,240,562 2,857,073
3,586,836 3,561,889 3,561,889 3,694,825 2,257,231
3,558,355 3,558,355 3,558,355 3,618,595 2,089,840
28,481 3,534 3,534 76,230 167,391
29,340 8,300 8,300 10,378,260 10,655,725
25,743 23,946 23,946 3,240,654 2,968,059
139,019 27,199 27,199 258,844 229,713
(135,912) (51,034) (51,034) (1,915,073) (1,284,431)
(135,912) (51,034) (51,034) (1,916,401) (1,060,704)
240,869 385,391 385,391 385,391 385,391
0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%
(97,199) (83,747) (83,747) (237,487) (83,486)
-6.26% -1.43% -1.43% 312.44% 67.19%
-6.24% -1.43% -1.43% -252.53% 243.27%
-3.71% -1.42% -1.42% -30.63% -18.75%
-463.23% -614.87% -614.87% -18.47% -9.95%
87.74% 288.51% 288.51% 31.23% 27.85%
-0.56 -0.13 -0.13 -4.97 -2.75
1.38% 0.17% 0.17% 5.13% 9.59%
0.05 1.15 1.15 0.47 0.56
0.41 0.01 0.01 0.98 1.15
59.33% 99.19% 99.19% -9.80% -27.91%
9.02 9.25 9.25 -1.59 -4.10
0.72 1.64 1.64 0.12 0.08
-0.07 -2.87 -2.87 -0.04 -0.01
(Thousand Rupees) TRG Pakistan Limited
Financial Statement Analysis of Financial Sector 2010











Appendix

Financial Statement Analysis of Financial Sector 2010

242

APPENDIX
Companies Covered in the Balance Sheet Analysis
As on 31
st
December 2010
Total Companies (174)


Sr.
#
Company Name Page
#
Sr.
#
Company Name Page
#


Banks (38)

18 NIB Bank 52
A. Public Sector Commercial Banks (4)

19 SAMBA Bank Ltd. 53
1 First Women Bank Limited 30

20 SilkBank Limited (Saudi Pak Bank). 54

2 National Bank of Pakistan 31

21 Soneri Bank Ltd. 55

3 The Bank of Khyber 32

22 Standard Chartered Bank (Pakistan) Ltd. 56

4 The Bank of Punjab 33

23 Summit Bank 57

B.

Local Private Banks (24)


24 United Bank Ltd. 58
1 Albaraka (Pakistan) Ltd. 35



2 Allied Bank Ltd. 36
C. Specialized Banks (4)

3 Askari Bank Ltd. 37

1 Industrial Dev. Bank of Pakistan 60

4 Atlas Bank Ltd. 38

2 The Punjab Provincial Cooperative Bank 61

5 Bank Al-Habib Ltd. 39

3 SME Bank Ltd. 62

6 Bank Al Falah Ltd. 40

4 Zarai Taraqiati Bank Ltd. (ZTBL) 63

7 Bank Islami Pakistan Ltd. 41


8 Burj Bank Ltd. 42
D. Foreign Banks (6)



9 Dubai Islami Pakistan Bank ltd. 43

1 Barclays Bank PLC 65

10 Faysal Bank Ltd. 44

2 Citi Bank N.A 66

11 Habib Bank Ltd. 45

3 Deutsch Bank 67

12 Habib Metropolitan Bank Ltd. 46

4 HSBC Bank Middle East Ltd. 68

13 JS Bank 47

5 Oman International Bank SAOG 69

14 KASB Bank Ltd. 48

6 The Bank of Tokyo-Mitsubishi Ltd. 70

15 MCB Bank Ltd. 49




16 Meezan Bank Ltd. 50


Development Finance
Institutions (7)


17 Mybank Ltd 51

1 Pak Iran Joint Investment Company 75
Financial Statement Analysis of Financial Sector 2010

243

Sr
. #
Company Name Page
#
Sr.
#
Company Name Page
#
2 Pak Brunei Investment Company Limited 76



7 Security Investment Bank Ltd. 106

3 Pak China Investment Company Limited 77


8 Trust Investment bank Ltd. 107

4 Pak Kuwait Investment Company Limited 78



5 Pak Libya Holding Company Limited 79


Mutual Fund Companies (19)


6 Pak Oman Investment Company Limited 80

1 Al Meezan Mutual Fund 111

7

Saudi Pak Industrial & Agri. Inv CO. (PVT)
Ltd. 81

2 Asian Stocks Fund Limited 112


Leasing Companies (9)

3 Atlas Fund of Funds 113
1 Grays Leasing Ltd. 87


4 First Capital Mutual Fund Limited 114

2 Natover Lease & Refinance Ltd. 88

5 First Dawood Mutual Fund 115

3 Orix Leasing Pakistan Ltd., 89


6

Golden Arrow Selected Stocks Fund
Limited 116

4 Pak-Gulf Leasing Company Ltd. 90

7 JS Growth Fund 117

5 SME Leasing Ltd. 91

8 JS Large Capital Fund 118

6 Saudi Pak Leasing Co. Ltd. 92

9 JS Value Fund 119

7 Security Leasing Corp. Ltd. 93

10 Meezan Balanced Fund 120

8 Sigma Leasing Corp. Ltd. 94

11 NAMCO Balanced Fund 121

9 Standard Chartered Leasing Limited 95

12 PICIC Energy Fund 122



Investment Banks (8)

13 PICIC Growth Fund 123

1 Escorts Investment Bank 100

14 PICIC Investment Fund 124

2 First Credit and Investment Bank 101


15 Pak Oman Advantage Fund 125

3 First Dawood Investment Bank 102


16 Pakistan Premier Fund Limited 126
4 IGI Investment Bank Ltd. 103


17 Pakistan Strategic Allocation Fund 127
5 Invest Capital Investment bank Ltd. 104


18 Safe-way Mutual Fund 128

6 JS Investments Ltd. 105


19 UBL Capital Protected Fund-I 129
















Financial Statement Analysis of Financial Sector 2010

244







Sr
. #
Company Name Page
#
Sr.
#
Company Name Page
#

Modarbas (25)

24 Trust Modarba 156
1 Modarba Al-Mali 133

25 UDL Modarba 157

2 Al- Noor Modarba 134


3 Allied Rental Modaraba 135

Exchange Companies (20)


4 B.F Modaraba 136

1 AA Exchange Company (Pvt.) Ltd. 161

5 B.R.R. Guardian Modaraba 137

2 Al-Hameed Int. Money Ex (Pvt.) Ltd. 162

6 Constellation Modarba 138

3 Al-Rahim Exchange Company (Pvt.) Ltd. 163

7 Crescent Standard Modaraba 139

4 Dollar East Exchange Company (Pvt.) Ltd. 164

8 Elite Capital Modarba 140

5 Fairdeal Exchange Company (Pvt.) Ltd. 165

9 Equity Modarba 141

6 Galaxy Exchange Company (Pvt.) Ltd. 166

10 Fidelity Leasing Modarba 142

7 H & H Exchange Company (Pvt.) Ltd. 167

11 First Imrooz Modaraba 143

8 Habib Currency Exchange (Pvt.) Ltd. 168

12 Habib Bank Modarba 144

9

Habib Qatar International Exchange Pakistan
Ltd. 169

13 Habib Modarba 145

10 M/S SIBL Exchange Co. 170
14 IBL Modarba 146

11 Malik Exchange (Pvt.) Ltd. 171
15 KASB Modarba 147

12 NBP Exchange Company Ltd. 172
16 National Bank Modarba 148

13 Noble Exchange International (Pvt.) 173
17 Pak Modarba 149

14 P B S Exchange Company (Pvt.) Ltd. 174
18 Paramount Modarba 150

15 Pakistan Currency Exchange Co. (Pvt.) Ltd. 175
19 Prudential Modarba 151

16 Paracha International Exchange Co. (Pvt.) Ltd 176
20 Punjab Modarba 152

17 Ravi Exchange Company Ltd 177
21 Standard Chartered Modarba 153

18 Riaz Exchange Co. (Pvt.) Ltd. 178
22 Treet Manufacturing Modarba 154

19

Royal International Exchange Company (Pvt.)
Ltd. 179
23 Tri-Star Modarba 155

20 Wall Street Exchange Company (Pvt.) Ltd. 180




Financial Statement Analysis of Financial Sector 2010

245




Sr
. #
Company Name Page
#
Sr.
#
Company Name Page
#

Insurance Companies (42)


A. Life Insurance Corporations (6)

15

International General Insurance Co. of
Pakistan Ltd. 207

1 American Life Insurance Company Ltd. 186


16 National Insurance Co., Ltd. (NICL) 208

2

Asia Care Health & Life Insurance Company
Ltd. 187

17 New Hampshire Insurance Co. 209

3 E.F.U. Life Insurance Company Ltd. 188

18 New Jubilee Insurance Co. Ltd. 210

4 East West Life Assurance Company Ltd. 189

19 Pakistan Reinsurance Co. Ltd., 211

5 New Jubilee Life Insurance Company Ltd. 190

20 PICIC Insurance Ltd. 212

6 State Life Insurance Corporation Ltd. 191

21 Pakistan General Insurance Co. Ltd. 213


22 Pakistan Mutual Insurance Co., Ltd. 214
B. Non-life Insurance Corporations (31)
23 Premier Insurance Co., of Pakistan 215



24 Reliance Insurance Co., Ltd. 216
1 Ace Insurance Aid Pacific Ltd., 193


25 Saudi Pak Insurance Co., Ltd. 217

2 Adamjee Insurance Co., Ltd. 194

26 Security General Insurance Co., Ltd. 218

3 Alfalah insurance Company ltd. 195

27 Shaheen Insurance Co. Ltd. 219

4 Asia Insurance Co., Ltd. 196

28 Silver Star Insurance Co., Ltd. 220

5 Askari General Insurance Co., Ltd. 197

29 UBL Insurers Limited, 221

6

Atlas Insurance Limited. (Formerly Muslim
Insurance Co. Ltd.) 198

30 United Insurance Co., of Pakistan Ltd. 222

7 Capital Insurance Co., Ltd 199

31 Universal Insurance Co., Ltd. 223

8 Central Insurance Co., Ltd. 200



9 Century Insurance Co., Ltd. 201
C. Takaful Companies (5)

10 E.F.U General Insurance, Ltd. 202

1 Dawood Family Takaful Ltd. 225

11 East West Insurance Co. Ltd., 203

2 Pak Qatar Family Takaful Ltd. 226

12 Excel Insurance Co., Ltd. 204

3 Pak Kuwait Takaful Co., Ltd. 227
13 Habib Insurance Co., Ltd. 205


4 Pak Qatar General Takaful Ltd., 228
14 Hallmark Insurance Co. Ltd. 206


5 Takaful Pakistan Ltd., 229






Financial Statement Analysis of Financial Sector 2010

246



Sr
. #
Company Name Page
#
Sr.
#
Company Name Page
#







Housing Finance (2)




1 Asian Housing Finance 232




2 House Building Finance Corporation Limited 233







Venture Capitals (4)



1 AKD Capital Limited 237




2 AMZ Ventures Limited 238




3 TMT Venture Limited 239




4 TRG Pakistan Limited 240



Financial Statement Analysis of Financial Sector 2010

247

References

Books/Publications

 A Report on “Methodology Development of Financial Statement Analysis of Financial Sector”
 Development Project of Statistics and DWH Department 2006-07
 SBP‐Financial Sector Assessment, Various issues
 Quarterly Performance Review of the Banking System‐September 2006
 SBP Prudential Regulations
 Power of Cash Flow Ratios by Frank R. Urbancie.
 Financial Statement Analysis by Stephen H. Penure
 Bank Management, 6th Edition by Timothy W. Koch and S. Scott McDonald
 Business Analysis and Valuation using financial Statements by Polepu Healy Bernard
 Essential of Financial Analysis by George T. Friedlos, Lydia L. F. Schleifer
 Financial Statement Analysis by John J.Wild, K.R Subramanyam and Robert F. Halsey (Eight Edition)
 Financial Statement Analysis by Charles H. Gibson

Websites

 www.credfinrisk.com/bank.html
• www.iac‐caribbean.com/ratios.asp
• www.nationalbarken.dk
• www.almprofessional.com/articles/98liquid.htm
• www.stlouisfed.org/col/director/Materials/alll_basicratio_what.htm
• www.woccu.org/bestpractices/pearls/aboutpearls
• www.woccu.org/bestpractices/pearls/pearlsratios
• www.muhanna.com/rating/niratio.htm
• www.investopedia.com/articles/stocks/07/bankfinancialshighlights.asp
• http://money.rediff.com/money/jsp/ratio.jsp?companyCode=14030055
• www.business.uiuc.edu/pellinge/ratiosdefs.htm
• http://money.rediff.com/money/jsp/ratio.jsp?companyCode=14030021
• www.gdrc.org/icm/micro‐camel.html
• www.investopedia.com/articles/stocks/07/bankfinancials.asp
• www.investopedia.com/features/industryhandbook/insurance.asp
• www.iac‐caribbean.com/ratios.asp
• http://faculty.philau.edu/lermackh/financial_analysis.htm
• www.zeromillion.com/business/financial/financial‐ratio.html
• www.businesstools.org/analysis/analysis.html#choice
Financial Statement Analysis of Financial Sector 2010

248

• www.rusnauka.com/23_SND_2008/Economics/26747.doc.htm
• www.nbp.pl/homen.aspx?f=en/SystemFinansowy/stabilnosc.html
• www.islamiccenter.kaau.edu.sa/arabic/Magallah/Pdf/7/07‐Toreen_04.pdf
• www.ifslearning.ac.uk/qualifications/tasters/pdf/mper_textexample.pdf
• www.santanderconsumer.com/pdf/SCF%20CU2006%208Jun2007.pdf
• www.pakistaneconomist.com/issue2001/issue46/cover.htm
• www.sdb.lk/hy.htm
• www.bot.or.th/bothomepage/databank/Financial_Institutions/New_Fin_Data/CB/Peer_T4E.asp

Financial Statement Analysis of Financial Sector

2010

Vision and Mission Statements of State Bank of Pakistan

Vision
To Transform SBP into a modern and dynamic central bank, highly professional and efficient, fully equipped to play a meaningful role, on sustainable basis, in the economic and social development of Pakistan.

Mission
To promote monetary and financial stability and foster a sound and dynamic financial system, so as to achieve sustained and equitable economic growth and prosperity in Pakistan.

ii